US Vice President Kamala Harris has pledged to support the regulation of cryptocurrencies and digital assets in her new economic proposal, as several new media outlets reported on Monday. The offer comes after pro-cryptocurrency Republican candidate Donald Trump took a lead in polls against the Democratic candidate.
Harris pledges to legalize marijuana and support cryptocurrencies
As the November election approaches, US Vice President and Democratic candidate Kamala Harris unveiled a new proposal tailored to black men, offering a way out for economic security, in an alleged attempt to make the group a “part most central to his campaign.”
As reported According to Bloomberg, the new policy proposals include a promise to work with the United States Congress to legalize recreational marijuana and help ensure that black men can create businesses and work in the growing cannabis industry.
Additionally, Harris promised to provide 1 million fully forgivable loans of up to $20,000 to Black entrepreneurs who had difficulty accessing financing when starting a business. The Democratic candidate also proposed increasing apprenticeship and employment opportunities if elected president.
between her proposalsThe US Vice President promised to boost Black Americans’ access to the crypto industry. According to the report, Harris pledged to “support a regulatory framework for cryptocurrencies,” adding that her administration would give “more investment certainty to the 20% of African Americans who own, or have owned, digital assets.”
The new economic proposal comes days after some of Harris’ allies, including former US President Barack Obama, expressed concern about Trump’s efforts to win over black voters.
According to the report, Harris’ popularity among the group is better than what President Biden had before he dropped out of the race. However, the margins remain close, which could affect the Democratic candidate’s chances of victory.
Trump takes the lead again
Pro-crypto Republican candidate Donald Trump recently took the lead against Harris, according to several polls and prediction markets. The vice president of the United States saw her. odds of winning increase about 4% after the presidential debate between the two candidates on September 11, despite no mention of digital assets.
Republican candidate Donald Trump leads the 2024 Election Forecast. Source: Polymarket
Harris continued to lead the Polymarket prediction market for almost a month as her campaign began to acknowledge the crypto industry. Several industry figures have publicly expressed their support for the Democratic candidate, noting that her victory may “not be as bearish” for the sector as some investors think.
Recently, the co-founder of Ripple reaffirmed his support for the vice president of the United States with a significant donation. As reported Per Bitcoinist, Chris Larsen sent $1 million in XRP to the Future Forward USA Political Action Committee (PAC), which is dedicated to supporting Harris’ candidacy.
Larsen’s contribution became the first documented crypto donation made to the Democratic candidate’s campaign, despite beginning to accept them more than a month ago. However, Trump’s chances of winning have increased significantly in the past week, increasing about 10% since October 4.
As of this writing, the Republican candidate’s odds of winning are 53.8%, while Harris’s odds are 45.5%.
Bitcoin (BTC) is trading at $64,879 in the weekly chart. Source: BTCUSDT on TradingView
Featured image from Unsplash.com, chart from TradingView.com
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