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The Breakdown

Kamala Harris' Latest Crypto Overture

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8786 Ratings

🗓️ 16 October 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

Kamala Harris has included crypto in her appeal to win Black male voters. Some see it as a positive sign for crypto. Others just think the whole thing was weird. Is this a "here we go again" moment with the language of investor protection? Unlocking Bitcoin DeFi with ExSat The exSat Network aims to unlock and scale the Bitcoin ecosystem without compromising Bitcoins Ideology. The network has partnered with the largest mining pools in the world, major custodians and exchanges, Cefu, Cubolt, Matrixport, Copper, OKX and aims to have over $200M TVL at mainnet launch on the 23rd of October.  Follow exSat’s Twitter to stay up to date @exsatnetwork or visit the testnet exsat.network Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0

Welcome back to The Breakdown with me, NLW.

0:08.3

It's a daily podcast on Macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

0:18.4

What's going on, guys? It is Tuesday, October 15th, and today we are talking about Kamala Harris's

0:23.5

latest crypto push. Before we get into that, however, if you are enjoying the breakdown,

0:27.4

please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper

0:30.8

into the conversation, come join us on the Breakers Discord. You can find a link in the show

0:34.6

notes or go to bit.ly slash breakdown pod. Just a month out from the election, Kamala Harris is attempting to brush up her crypto credentials,

0:42.1

and her campaign's latest comment on crypto policy comes in the context of a push to win

0:46.3

black male voters. On Monday, they released a new proposal called the Opportunity Agenda for Black

0:51.5

Men. The policy is centered around $20,000 for

0:54.5

givable loans to black entrepreneurs. It also features a promise to legalize marijuana

0:58.6

at the federal level, down payment assistance for black homeowners, and a health equity

1:02.4

initiative targeted at black men. For the crypto policy, the Harris campaign said that they

1:06.6

would be, quote, supporting a regulatory framework for cryptocurrency and other digital assets,

1:10.8

so black men who invest in and own these assets are protected. The platform announcement

1:14.6

recognized that 20% of black Americans own or have owned cryptocurrency assets. Interestingly,

1:19.8

this was the first time the Harris campaign actually referred directly to cryptocurrency,

1:23.9

rather than using some other term like digital assets. The announcement stated,

1:28.1

Vice President Harris appreciates the ways in which new technologies can broaden access to banking

1:32.1

and financial services. She will make sure owners of and investors in digital assets benefit

1:36.4

from a regulatory framework so that black men and others who participate in this market are protected.

1:40.9

This framing of crypto policy has a lot of people surprised.

...

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