Kamala Harris Steps Into Crypto Debate, Advocating Regulation and Digital Support for Black Men

• Kamala Harris’s “Opportunity Agenda” focuses on regulatory frameworks for digital assets and wealth creation, particularly for Black men and entrepreneurs.
• Her plan emphasizes legal protection for cryptocurrency investors and forgivable loans to support Black entrepreneurs, aiming to bridge the racial wealth gap.

Following the recent development where crypto advocates urged Vice President Kamala Harris to discuss U.S. blockchain policy in October, as discussed in a recent CNF update, Kamala Harris has now introduced a bold plan aimed at empowering Black men through wealth creation and economic advancement.

As part of her “Opportunity Agenda,” she has pledged to legalize recreational marijuana, protect cryptocurrency investments, and offer forgivable loans to Black entrepreneurs. The plan focuses heavily on establishing a regulatory framework for digital assets, which more than 20% of Black Americans have owned.

The Harris campaign stated:

She will make sure owners and investors in digital assets benefit from a regulatory framework so that Black men and others who participate in this market are protected.

Additionally, her campaign emphasized the importance of protecting these investments against risks like market manipulation and fraud.

Supporting Black Entrepreneurs with Loans

Harris’s agenda also includes providing one million forgivable loans of up to $20,000 to help Black entrepreneurs overcome barriers to starting and growing businesses. Former Rep. Cedric Richmond, co-chair of her campaign, said:

Where Black men are equipped with the tools to thrive: to buy a home, provide for our families, start a business, and build wealth.

This initiative complements efforts to promote access to banking services and address predatory lending. As cryptocurrency becomes a significant part of wealth creation, Harris’s plan recognizes its potential to help bridge the racial wealth gap.

Harris also pledged to “encourage innovative technologies like AI and digital assets,” and her campaign has already conducted outreach to the crypto community, reflecting a desire to iron out the details of a new crypto regulatory framework. By integrating clear regulations and support for Black-owned businesses, the agenda aims to create more equitable financial opportunities in Black communities.

Further, the Kamala Harris Super PAC embraces Bitcoin and Ethereum donations, a sign of a shifting political landscape. According to a recent CNF update, Bitcoin (BTC) surged by 5.04% in the past day and 5.51% in the past week, reaching a price of $65,828, according to CoinMarketCap.