Key Takeaways:

Kamala Harris supports policies to promote the growth of the cryptocurrency industry, indicating a potentially more favorable stance than the current Biden administration.
Harris’ stance aligns with other candidates like Robert F. Kennedy Jr. and Donald Trump, who advocate for crypto-friendly regulations.
Her approach includes balancing industry expansion with safeguards to address the sector’s instability.

Democratic presidential candidate Kamala Harris has expressed support for policies that would promote the growth of the cryptocurrency industry, signaling a potentially friendlier stance toward digital assets compared to the current Biden administration.

During a Bloomberg roundtable at the Democratic National Convention, Harris’ senior policy advisor, Brian Nelson, highlighted her intention to back initiatives that allow emerging technologies like crypto to expand.

Vice President Kamala Harris will back measures to help grow digital assets, a policy adviser to her campaign said, highlighting efforts to court an emerging cryptocurrency industry expanding its political influence. https://t.co/SmmlfDLv1j
— Bloomberg Crypto (@crypto) August 21, 2024

This marks a notable shift, as the crypto industry has criticized the Biden administration for its strict regulatory approach. Harris’ stance aligns with other presidential candidates, including Robert F. Kennedy Jr. and Donald Trump, who have also promised crypto-friendly regulations.

JUST IN: Kamala Harris "supports policies to expand crypto industry", Bloomberg reports 🇺🇸 pic.twitter.com/h7qBOJm42a
— Bitcoin Magazine (@BitcoinMagazine) August 21, 2024

However, Nelson emphasized that while Harris would support industry growth, she would also prioritize implementing safeguards to address the sector’s recent instability.