Release: 2024/08/22 16:24 Reading: 899
Kamala Harris to Support Crypto Industry Growth
Kamala Harris's campaign advisor, Brian Nelson, has stated that the vice president will support policies fostering the growth of the crypto industry if elected in November. However, industry leaders, including Cardano CEO Charles Hoskinson, have criticized these remarks as insufficient.
"We need specific, tangible actions," Hoskinson emphasized. "No specific policy or proposal. Just talk. Will Gary be fired? What legislation do you support? What executive actions will be issued? I'm sorry there is ZERO trust."
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Harris Advocates for Emerging Technologies
"She's going to support policies that ensure that emerging technologies and that sort of industry can continue to grow," Nelson stated at a Democratic National Convention event.
Nate Geraci, president of the ETF Store, also expressed skepticism: "Actions speak louder than words," he said. "The current administration, of which Harris is a part, is decidedly anti-crypto."
Geraci emphasized the need for a balance between innovation and regulation, asserting that the current administration has prioritized regulation excessively. He urged Harris's campaign to demonstrate its commitment to innovation.
Kamala Harris Loses Support Among Polymarket Bettors
Harris's support among bettors on the decentralized platform Polymarket has declined. Bettors have reduced her odds of winning the presidency by 8% after initially giving her a lead over Donald Trump.
Currently, Polymarket odds indicate a 53% chance of a Trump victory, while Harris's odds stand at 46%.
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