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Policy

Harris Says Her White House Will 'Invest in America's Future' Which Includes 'Digital Assets'

The Democratic nominee promises she'll be a tech-friendly president in remarks to donors.

Updated Sep 23, 2024, 10:15 p.m. Published Sep 23, 2024, 4:11 a.m.
Kamala Harris (YouTube)
Kamala Harris (YouTube)
  • Democratic nominee Kamala Harris has made her first remarks on crypto to donors in NYC during a fundraising dinner.
  • Prediction market Polymarket is giving Harris a significant lead over Donald Trump with over $980 million bet on the platform.
  • Uniswap's Hayden Adams endorsed Harris' remarks in a thread on X.

Vice President and Democratic nominee Kamala Harris made her first remarks on crypto before donors in New York City, according to a report from Bloomberg.

"To build that opportunity economy, I will bring together labor, small business, founders and innovators, and major companies. We will partner together to invest in America's competitiveness, to invest in America's future," Bloomberg quoted Harris as saying. "We will encourage innovative technologies like AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules of the road."

Uniswap Labs CEO Hayden Adams appeared to endorse Harris following her remarks.

"Yes, Biden has been bad for crypto, and actions will speak louder than words, but progress is progress; it needs to start somewhere and should be encouraged," he wrote on X. "She is signaling her admin will approach it differently / be more pro-innovation."

In April, Uniswap received a Wells Notice, a memo that the Securities and Exchange Commission is considering enforcement action.

Harris' remarks come after Republican nominee Donald Trump purchased burgers with bitcoin (BTC) at a crypto-themed bar called PubKey in New York.

Trump and his family are also promoting a Decentralized Finance (DeFi) project called World Liberty Financial on the campaign trail. Trump recently appeared on Rug Radio, a crypto media platform, to promote the project and discuss crypto policy.

Recently, Anthony Scaramucci, founder and managing partner of SkyBridge Capital, who also had a brief tenure as White House communications director under then-President Donald Trump, said during Token 2049 in Singapore that he is working with the Harris campaign to develop crypto policy.

In July, Scaramucci said on CoinDeskTV that the Democrats made a "horrific mistake" on crypto crackdowns, and largely mishandled crypto policy.

Currently, Polymarket is giving Harris a 52%-47% lead with over $980 million bet on the election.

Sam Reynolds

Sam Reynolds is a senior reporter based in Taipei. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

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