Kamala Harris hints at a “regulatory framework” for cryptocurrencies

The remarks may be an attempt to counter widespread support for rival Donald Trump in the cryptocurrency community.

U.S. presidential candidate Kamala Harris appears to have indirectly expressed support for digital assets such as Bitcoin through a PDF document newly uploaded to her homepage.

The nine-page document, uploaded to the vice president’s website Monday and titled “The Opportunity Agenda for Black People,” does not directly mention Bitcoin or similar decentralized currencies.

However, the paper appears to hint at Harris’ support for cryptocurrencies, citing it as part of an agenda to give black men “the tools to achieve financial freedom.”

The document goes on to state that such an agenda must “support a regulatory framework for cryptocurrencies and other digital assets to protect Black men who invest in and own these assets.”

Harris’ comments may be an attempt to enlighten American voters about her stance on cryptocurrencies, a topic that Bloomberg recently described as a “blank page.”

Meanwhile, rival presidential candidate Donald Trump appears to have captured the attention of cryptocurrency enthusiasts in the United States with his highly publicized appearance at the 2024 Bitcoin Conference in Tennessee. Trump emphasized his case for cryptocurrencies at the meeting, declaring his support for digital assets and calling for a national cryptocurrency reserve.

According to reports, the Trump campaign received more than $4 million in Bitcoin donations.

But with less than a month until the November 5 election, Harris still has a chance to flesh out the details of her “regulatory framework for cryptocurrencies and other digital assets.”

Harris expresses gratitude for “new technology.”

However, the new document goes on to express the need for “Black people holding digital assets to benefit from financial innovation,” noting that more than 20% of Black Americans own or own cryptocurrency assets.

While not specifically endorsing Bitcoin, the document declared that Harris “appreciates the ways in which new technologies can expand access to banking and financial services.” However, this statement may be too vague to constitute a pro-cryptocurrency position.

The document also hints at new protections for cryptocurrency market participants, laying out a “regulatory framework to protect Black men and others participating in these markets.”