Vice President Kamala Harris presented a proposal to regulate cryptocurrencies with the goal of supporting women and men of African American descent, as reflected in the “Opportunity Agenda for Black Men.”
This agenda inform that more than 20% of African Americans own or have owned bitcoin and cryptocurrencies. As indicated, the presidential candidate also positively values the ways in which new technologies can expand access to banking and financial services.
According to Harris’ team, if elected, the Democrat will ensure that African-American cryptocurrency investors and users (as well as “other people”) benefit from a regulatory framework that will supposedly “protect” them
This proposal may be meaningless considering that Bitcoin does not need regulation to function and, more importantly, does not take into account racial, religious or belief issues.
Bitcoin operates on a global network where individual sovereignty and financial autonomy are fundamental principles, regardless of the identities of its participants.
This is not the first time Harris, or his team, has mentioned cryptocurrencies. On a previous occasion, as reported by CriptoNoticias, the candidate promised to increase investment in the sector and committed to “promote innovative technologies” such as artificial intelligence and digital assets. This new proposal can be seen as a continuation of that commitment, albeit with a more specific focus on racial equity.
Also the Republican candidate Donald Trump has shown an open stance towards cryptocurrencies. He even launched his own DeFi platform, indicating an acceptance of Bitcoin and cryptocurrency technologies in the Republican political spectrum.
Despite these political positions, it is important to note that Bitcoin does not need the support of any ruler to operate. The adoption of these technologies and their global expansion will continue, likely at an accelerated pace, with or without government policy intervention.
Bitcoin’s decentralization and autonomous nature suggest that its growth and acceptance will be driven by the community and global financial needs, beyond local regulations.
This article was created using artificial intelligence and edited by a human Editor.
