According to a latest Bloomberg report, a policy adviser to Kamala Harris’s campaign has revealed that the Vice President will support measures to help grow digital assets.
Harris To Support Digital Asset Policies
When asked about their efforts to engage the crypto community, Brian Nelson, the senior campaign advisor for policy to the campaign said, “She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” during a Bloomberg News roundtable at the Democratic National Convention on Wednesday. “Obviously, they’ve expressed that one of the things that they need are stable rules, rules of the road,” Nelson said.
A prominent crypto analyst Adam Cochrane in an X post underscored that, “This is the first official statement from the Harris campaign about crypto in any capacity, and it is a positive one. Let’s acknowledge that’s a huge step from where we’ve been in the past and keep pushing.”
U.S. Rep. Wiley Nickel (D-NC) also commented, “I’ve been working hard to push for a reset on crypto, and am thrilled about this important policy statement.”
More Efforts Of Engagement From The Democrats
There have been more efforts of engagement from the Democratic side as. Sen. Chuck Schumer, majority leader in the U.S. Senate, participated in a Crypto4Harris event last week, promising to pass cryptocurrency legislation out of the Senate before the end of the year.
A noted Bitcoin enthusiast Mark Cuban had also stated that the Harris campaign had contacted him with ‘multiple questions’ about crypto, depicting it as ‘a good sign.’
While Trump has vowed to renew expiring tax breaks and implement sweeping tariffs on US allies and competitors alike, there are criticisms that such a move could aggravate high prices and bring down global trade.
Harris’ Policy Roll Out
The Democratic nominee began rolling out her policy agenda last week, with a focus on the economy, which is pegged as the central issue of November’s election and which threatens to be one of her biggest political liabilities.
However, Harris has vowed that building up the middle class will be the defining focus of her presidency if elected and that increased taxes on corporations and high earners would offset the costs of its new proposals.
Notably, Harris supports increasing the US corporate tax rate to 28% from 21% in line with Biden’s recent budget proposal. Trump, in office, cut the corporate tax rate from 35% to 21% and has proposed reducing it even more.
