VP Harris Vows To Support Crypto In New Economic Proposal

US Vice President Kamala Harris has pledged to support crypto regulation and digital assets in her new economic proposal, as various new media outlets reported on Monday. The bid comes after pro-crypto Republican candidate Donald Trump took the lead in the polls against the democratic nominee.

Harris Pledges To Legalize Weed, Support Crypto

As the November elections get closer, the US Vice President and Democratic nominee Kamala Harris unveiled a new proposal tailored for black men, offering an outlet for economic security, in an alleged attempt to make the group a “more central part of her campaign.”

As reported by Bloomberg, the new policy proposals include the promise to work with the US Congress to legalize recreational marihuana and help ensure that black men can create businesses and work in the growing cannabis industry.

Moreover, Harris vowed to give 1 million loans, fully forgivable of up to $20,000, to black entrepreneurs who struggled to access financing when starting a business. The Democratic nominee also proposed to increase apprenticeship and job opportunities if elected president.

Among her proposals, the US Vice President promised to boost black Americans’ access to the crypto industry. Per the report, Harris pledged to “support a regulatory framework for cryptocurrencies,” adding that her government would give “more investment certainty to the 20% of Black Americans who own — or have owned — digital assets.”

The new economic proposal comes days after some of Harris’ allies, including former US president Barack Obama, expressed their concerns about Trump’s efforts to win over black voters.

According to the report, Harris’ popularity among the group is better than President Biden’s before dropping out of the race. However, the margins remain tight, which could affect the Democratic nominee’s chances of winning.

Trump Takes The Lead Again

Pro-crypto Republican candidate Donald Trump has recently taken the lead against Harris, according to several polls and prediction markets. The US Vice President saw her winning odds increase by around 4% after the Presidential Debate between the two candidates on September 11, despite no mention of digital assets.

Republican candidate Donald Trump leads the 2024 Election Forecast. Source: Polymarket

Harris continued to lead Polymarket’s prediction market for nearly a month as her campaign started to acknowledge the crypto industry. Several industry figures have publicly expressed their support for the Democratic nominee, noting that her victory could “not be as bearish” for the sector as some investors think.

Recently, Ripple’s co-founder reaffirmed his support for the US Vice President with a significant donation. As reported by Bitcoinist, Chris Larsen sent a million dollars worth of XRP to the Political Action Committee (PAC) Future Forward USA, which is dedicated to supporting Harris’ candidacy.

Larsen’s contribution became the first documented crypto donation made to the Democratic nominee’s campaign, despite starting to accept them over a month ago. Nonetheless, Trump’s chances of winning have significantly increased in the past week, surging around 10% since October 4.

As of this writing, the Republican candidate’s winning odds are 53.8%, while Harris’ odds are 45.5%.

Bitcoin (BTC) is trading at $64,879 in the weekly chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com