Kamala Harris looks to crypto to win over Black voters. Will it work?

10/22/2024 02:41
Kamala Harris looks to crypto to win over Black voters. Will it work?

Crypto advocates question Kamala Harris’s campaign, calling for detailed policies instead of vague promises.

Kamala Harris’s recent move to appeal to Black male voters through a pro-crypto initiative sparked a range of opinions on its practicality and substance during a recent discussion.

Roundtable anchor, Rob Nelson, along with Perianne Boring, founder of the Digital Chamber, and Kelly Kellam, Director at BitLab Academy, delved into the details — or lack thereof — of Harris’s position, questioning its potential impact on the broader crypto landscape.

Perianne Boring pointed out the vague nature of Harris’s proposal, stating, “At this point, we only have a couple of bullet points from the Harris campaign about their position on crypto. The Biden-Harris administration has been significantly anti-crypto, and this is just not enough.”

Boring criticized the lack of clear policy, adding, “What exactly does this mean? Are you going to secure multi-signature wallets for every Black person in America? It just lacks ... detail.”

Rob Nelson agreed that there is room for a more substantial approach, suggesting, "It would be really interesting if a candidate was like, we’re giving everybody crypto wallets with a thousand dollars of bitcoin in it. There’s something intriguing about using this as a true economic opportunity.” He highlighted how such a move could potentially incentivize broader participation in the crypto economy.

Kelly Kellam echoed the need for deeper clarity on regulatory approaches to blockchain, criticizing the current landscape. "The lack of regulatory clarity has actually limited our ability to participate in building the foundation of the future, which is blockchain technology," Kellam noted, emphasizing the long-term potential of the technology despite political barriers.

Looking ahead, Kellam emphasized the market implications of political outcomes, saying, “People are uncertain right now, and regardless of what direction it goes, I think bitcoin and ethereum will be fine. The question is what’s going to happen with altcoins.”

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