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The US presidential election has entered the countdown, and the competition between Trump and Harris has entered a white-hot stage. Compared with Trumps high-profile crypto actions, Harris rarely makes a clear statement on cryptocurrencies. Recently, Harris announced a series of economic security plans for black male voters during her campaign, including a promise to support a crypto regulatory framework to protect black male cryptocurrency investments. After the plan was announced, Harris was accused by the crypto community of lack of sincerity and only used cryptocurrencies as a tool to win the election.

New policies are proposed to win votes from black men, but the crypto regulatory framework is questioned

Pennsylvania is an important battlefield in this years US election. The two evenly matched candidates, Trump and Harris, both went to this key swing state on Monday to campaign and launch canvassing for key voter groups.

Among them, Harris is currently facing a difficult challenge that the support from black male voters is not as good as expected. According to a poll published by Siena College of The New York Times a few days ago, about 15% of black voters said they planned to vote for Trump in this election. At the same time, former US President Obama also revealed that black voters were hesitant about whether to support Harris or Trump, and criticized these voters for not wanting a woman to be the president of the United States.

In order to win the votes of black men, Harris proposed a new plan to provide more economic opportunities and other development opportunities for black men, including providing 1 million fully forgivable loans to black entrepreneurs, providing high-paying jobs, and protecting cryptocurrency investments to ensure that black men who invest know their funds are safe. President Harris knows that more than 20% of African Americans own or have owned cryptocurrency assets, which is why her plan will ensure that owners and investors of digital assets can benefit from a regulatory framework to protect African men and other groups participating in this market.

However, Harris new policy on cryptocurrency was ridiculed by the crypto community because this crypto regulatory framework was only proposed to black voters and did not provide more regulatory details or a clearer policy stance on cryptocurrency.

Crypto KOL Ansem believes that it is embarrassing and frankly shameful that Harris team lacks due diligence on meaningful crypto regulation and has released some vague bullet points. If Harris is serious, she needs to address the irreversible damage your managers have done to the industry, such as chokepoint 2.0 and criminal actions against crypto-friendly banks such as Silvergate, repeal of the SAB 121 veto, the continued lack of meaningful regulation around stablecoins or crypto securities laws, and no action to remove Gensler because he is clearly too aggressive and negatively biased about cryptocurrencies in SEC lawsuits. We are not idiots, and this will not make any of us vote for you.

Its confusing that the Harris campaign chose not to meet with leaders in the crypto space, but instead launched a crypto policy that would limit it to black men and propose a regulatory framework that would limit them to consumers rather than producers, FOX reporter Eleanor Terrett wrote.

Galaxy Research believes that Harris is friendlier than Biden on cryptocurrency policy, but not as friendly as Trump. Harris promises to improve the regulatory environment of the US crypto industry, but takes a more cautious stance on issues such as taxation, Bitcoin mining, and self-custody, while Trump supports Bitcoin mining and promises to protect self-custody rights. Nevertheless, Harris policies may be more constructive than Bidens.

Harris is called for specific encryption actions and has received public support from encryption professionals

The crypto communitys criticism of Harris is not groundless. In the past few months, the candidate has not publicly expressed much about his views on the crypto market. People familiar with the matter even revealed that Harris campaign team may not elaborate on crypto policies before the election.

Only in September of this year, Harris mentioned cryptocurrency for the first time with caution . She said that the United States will recommit to maintaining global leadership in areas that define the next century, maintaining dominance in artificial intelligence and quantum computing, blockchain and other emerging technologies. And she believes that artificial intelligence and cryptocurrency are part of her vision of an opportunity economy. For this reason, the bipartisan crypto advocacy organization Stand With Crypto also downgraded Harris campaign to NA due to its lack of crypto policy.

In this regard, Galaxy Research analysis pointed out that Harris is friendlier than Biden on cryptocurrency policy, but not as friendly as Trump. Harris promised to improve the regulatory environment of the US crypto industry, but took a more cautious stance on issues such as taxation, Bitcoin mining and self-custody, while Trump supported Bitcoin mining and promised to protect self-custody rights. Despite this, Harriss policies may be more constructive than Bidens. But Tim Kravchunovsky, founder of the decentralized telecommunications network Chirp, called on Harris to take some practical actions if he wants to use his rhetoric to attract cryptocurrency supporters, hoping to see more specific details of Harriss digital asset policies, similar to the promises of former President Trump.

Earlier this month, several crypto industry leaders also sought to hold meetings with Harris and her running mate Tim Walzs campaign policy team to discuss policy proposals to promote innovation and inclusion. For example, Natl Policy Network WOC Blockchain founder Cleve Mesido, Black Womens Blockchain Committee founder Olayinka Odeniran, and Pennsylvania State University Dickinson School of Law professor Tonya Evans called for the establishment of a regulatory framework for Web3 and DeFi to encourage innovation in the United States.

However, Harris has also received support from many well-known crypto figures. For example, recently Ripple founder Chris Larsen made the first recorded cryptocurrency donation to Future Forward USA, one of the main super PACs supporting Harris, donating $1 million worth of XRP; a16z co-founder Ben Horowitz announced that he would donate a large sum of money to Harris presidential campaign and no longer support Trump.

In this tense and tense US presidential election, Harris needs to show more sincerity if she wants to win the support and trust of crypto voters.

This article is sourced from the internet: Harriss new encryption policy was criticized for lack of sincerity in her bid to win support from black men

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