Kamala Harris Promises to Protect Crypto as She Looks to Appeal to Black Male Voters
Crypto Regulations
Donald Trump
Kamala Harris
Kamala Harris outlines her plans to protect crypto investors while appealing to Black male voters ahead of the U.S. election.
Last updated:
October 14, 2024 12:29 EDT
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Julia Smith
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Julia Smith
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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.
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Last updated:
October 14, 2024 12:29 EDT
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Kamala Harris announced on Monday her commitment to protecting cryptocurrencies as part of a broader campaign effort aimed at securing Black male voters in the tight race against Donald Trump ahead of the U.S. presidential election.
Kamala Harris Unveils New Initiative Featuring Crypto Protections and Black Economic Empowerment
As part of her latest initiative,
Harris has proposed one million forgivable loans for Black entrepreneurs
, along with plans to legalize recreational marijuana, increase investment in Black male teaching opportunities, and regulate the digital asset sector to protect cryptocurrency investors.
According to data provided by the Harris campaign, over 20 percent of Black Americans have invested or currently hold
crypto assets
, making these protections a key issue for many voters in the community.
While Harris’ policy initiatives seek to tackle both economic and health inequities affecting Black men, her campaign has faced challenges in generating enthusiasm among voters.
Recent national polls
indicate Harris is underperforming with the Black male electorate.
During a surprise campaign stop in Pittsburgh last Thursday, former President Barack Obama pointed out that Kamala Harris’ campaign had struggled to generate “the same kinds of energy and turnout in all quarters of our neighborhoods and communities as we saw when I was running.”
He added, “Part of it makes me think – and I’m speaking to men directly – part of it makes me think that, well, you just aren’t feeling the idea of having a woman as president, and you’re coming up with other alternatives and other reasons for that.”
Donald Trump Gains Momentum With Crypto-Friendly Campaign Policies
Meanwhile, Donald Trump has gained traction with his outreach to Black voters, particularly by promoting his stance on
cryptocurrency regulation
as a key appeal to the community.
Last month, Trump launched his family’s crypto platform, World Liberty Financial, and reaffirmed his promise to implement crypto-friendly regulations nationwide if he wins the election.
During a discussion on X, Trump warned that a Harris presidency would bring severe regulatory consequences for those in the digital asset space.
“If for some reason bad things happen and we don’t win the election, those people that were under investigation and that are free as a bird right now, people that were being looked at in the crypto world, they will be living in hell because it will start the day after the election if they win,” Trump said, drawing a sharp contrast between their policy approaches.
Despite these concerns, Harris still holds a lead among Black voters, though Democrats remain anxious that Trump’s growing appeal could narrow the gap.
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