Candidate Harris Holds Back on Clear Crypto Policy Ahead of Election

United States Vice President Kamala Harris finally broke her silence and vowed to promote "innovative technologies like Artificial Intelligence (AI) and digital assets" if she wins the presidential election. This is the first time VP Harris has made any reference to cryptocurrency since she became the Democratic Party's frontrunner.

Speaking at a fundraiser in New York, Harris said:

"While protecting our consumers and investors. We will create a safe business environment with consistent and transparent rules of the road."

Coinbase policy chief Faryar Shizad showed his support for VP Harris, writing on his X:

"It's not nearly as forward-leaning as the concrete and visionary positions taken by Donald Trump, but it's still notable because she recognized digital asset innovation as being important and on par with AI"

What shocked many was how vague and ambiguous VP Harris' statement was, leaving a lot of room for interpretation and speculation of what specific policies she would be putting in place if she were to become president.

Commentators were also critical of how vague Harris' statements were, and they were demanding for greater clarity of how Harris hopes to achieve her goals. One of such critics was crypto venture firm Variant's legal chief Jake Chervinsky who wrote on X:

"Protecting our consumers and investors could mean a lot of things... I, for one, want to see policy details."

According to an unnamed insider source who said:

"VP Harris deliberately kept her statement broad because the discussion about digital assets policy remain high-level and aren't likely to produce a detailed stance before voters decide who to elect... This likely leaves crypto as just one item among a range of economic innovations Harris will cite on the campaign trail."

Can Harris undo the damage Biden has created

It seems that if VP Harris were to be elected as the next President of the United States, she would be carrying the heavy burden of undoing all the damage the previous Democratic candidate, Joe Biden, had done. In an X post, Uniswap Labs CEO Hayden Adams seems to be praising Harris for the direction she is going. But he also seems to allude also to the damage President Biden has caused during his time in office, calling his policies for crypto and tech terrible.

Indeed, the President has created a huge mess during his term, especially with his previous crackdown on the crypto industry, which has caused many to believe that Biden held an unfriendly approach towards crypto. Needless to say, Biden's aggressive approach towards crypto has angered the crypto community, leading many previous democratic supporters to support Trump.

But now that Biden is out of the race, and a more crypto-supportive Harris leading the democratic party, it seems that democratic supporters are now starting to willing to come back to support the Democratic Party. But this is just the tip of the iceberg, as Harris still has to work very hard to regain the trust of the biggest community who has lost faith in the democratic party following the political governance under the Biden administration.

Trump releases Trump Coins shortly after the debut of his DeFi app

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

Trump and his family are also promoting their own Decentralized Finance (DeFi) project called World Liberty Financial on the campaign trail.

Most recently, Trump revealed that he is selling $100 "Trump coins" with his face on them, calling the items a "true symbol of American greatness."

In a video message posted to Truth Social, Trump expressed that the Trump coins are designed and minted in the U.S. He adds that these beautiful and limited-edition coins are a symbol of his movement to put America first.

The Trump Coin website describes the coin as a 1.6-inch coin is made up of "1oz .999% silver medallion" and are "struck with a proof finish featuring our 45th President's profile on the obverse and the White House on the reverse."

The last anti-crypto administration

But it seems that this all could be good news for the crypto community, because it seems that moving forward, Americans would be getting a more friendly crypto environment.

Alexander Grieve, vice president of government affairs at venture firm Paradign, also said that it is comforting to know that this should be the last anti-crypto administration.