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The Breakdown

Kamala's First Comments on Crypto Spark Yet More Controversy

The Breakdown

Blockworks

Business, Investing

4.8806 Ratings

🗓️ 24 September 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

For the first time this campaign cycle, VP Kamala Harris has mentioned crypto. Some are excited, some are skeptical, and many just don't know what to think at this point. 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.

0:09.3

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 Monday, September 23rd, and today we are talking about Kamala Harris's

0:23.9

first comments about crypto. Before we get into that, however, if you are enjoying the breakdown,

0:28.7

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

0:32.3

the conversation, come join us on the breakers discord. You can find a link of the show notes or go

0:35.9

to bit.ly.ly slash breakdown pod.

0:38.6

Well, friends, it has finally happened. Vice President Kamala Harris has made her first direct

0:43.1

statement on crypto policy. At a New York fundraising event on Sunday, she said, quote,

0:47.5

I will bring together labor, small business founders, and innovators in major companies.

0:51.3

We will partner together to invest in America's competitiveness to invest in

0:54.3

America's future. We will encourage innovative technologies like AI and digital assets while protecting

0:59.0

our consumers and investors. And that's it. Now, this is broadly in line with the direction

1:03.8

the Harris campaign has been going with economic policy, an agenda they are calling the opportunity

1:07.9

economy. The message has included overtures towards sensible regulation

1:11.2

and cutting red tape. At the same event, Harris said, we will create a safe business environment

1:15.3

with consistent and transparent rules of the road. We will invest in semiconductors, clean energy,

1:19.6

and other industries of the future, and we will cut needless bureaucracy. Previously, the

1:23.8

crypto industry had been left guessing whether they would be included among these industries

1:27.3

of the future or continued to be cut out by regulatory attacks.

1:30.7

This is at least some indication that, yes, indeed, we are a part of the future that Kamala Harris

1:34.7

sees.

...

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