Kamala Harris announced on Monday her dedication to safeguarding cryptocurrencies as part of a broader campaign effort aimed at gaining support from Black male voters in her tight race against Donald Trump ahead of the U.S. presidential election.
Kamala Harris Unveils New Plan Focused on Crypto Protections and Economic Empowerment for Black Communities
- In her latest initiative, Harris has outlined proposals for one million forgivable loans to Black entrepreneurs, alongside plans to legalize recreational marijuana, boost investments in opportunities for Black men to become teachers, and implement regulations to protect cryptocurrency investors.
- According to the Harris campaign, more than 20 percent of Black Americans either hold or have invested in crypto assets, making these protections a significant issue for many voters in the community.
- While Harris’ policies aim to address economic and health disparities affecting Black men, her campaign has faced difficulties in energizing voters.
Recent national polls show that Harris is underperforming with Black male voters.
- At a surprise campaign stop in Pittsburgh last Thursday, former President Barack Obama acknowledged Harris’ campaign struggles, noting that it hadn’t sparked “the same level of energy and turnout across all areas of our neighborhoods and communities as we saw during my campaigns.”
- He further remarked, “I’m addressing the men directly – part of me thinks that some of you just aren’t fully on board with the idea of a woman as president, and you’re finding other reasons to justify that.”
Donald Trump Gains Ground With Crypto-Friendly Policies
- Meanwhile, Donald Trump has gained momentum with Black voters, especially through his pro-cryptocurrency stance, which has become a focal point in his outreach efforts.
- Last month, Trump launched his family’s crypto platform, World Liberty Financial, and reiterated his pledge to introduce crypto-friendly regulations across the country if he wins the election.
- In a recent discussion on X, Trump warned that a Harris presidency could lead to strict regulatory measures for the digital asset industry. He stated, “If things go wrong and we don’t win, those individuals currently under investigation in the crypto space, walking free now, will face harsh consequences starting the day after the election if they win.”
- Despite these warnings, Harris maintains a lead among Black voters, though Democrats are concerned that Trump’s increasing appeal could shrink the gap.
