- Kamala Harris' Opportunity Agenda focuses on regulatory frameworks for digital assets and wealth creation, especially for Black men and entrepreneurs.
- Her plan aims to close the racial wealth gap and emphasizes legal protections for crypto investors and forgivable loans to support Black entrepreneurs.
As discussed in a recent CNF update, following recent developments in which crypto advocates urged Vice President Kamala Harris to discuss U.S. blockchain policy in October, Kamala Harris has Introduced a bold plan aimed at empowering black men through the creation of new jobs and economic development.
As part of her “opportunity agenda,” she pledged to legalize recreational cannabis, protect crypto investments, and provide generous financing to Black entrepreneurs. The plan focuses on establishing a regulatory framework for digital assets owned by more than 20% of Black Americans.
The Harris campaign said:
She will ensure that digital asset owners and investors benefit from a regulatory framework that protects Black men and others who participate in this market.
Additionally, her campaign emphasized the importance of protecting these investments from risks such as market manipulation and fraud.
Supporting Black Entrepreneurs with Loans
Harris' agenda also includes providing 1 million forgivable loans of up to $20,000 to Black entrepreneurs to help them overcome barriers to starting and growing their businesses. Former Congressman Cedric Richmond, co-chair of the campaign, said:
Black men have the tools to thrive: buy a home, raise a family, start a business, and build wealth.
This effort complements efforts to promote access to banking services and combat predatory lending. As cryptocurrencies become an important part of wealth creation, Harris' plan recognizes their potential to help close the racial wealth gap.
Harris has also pledged to “encourage innovative technologies such as AI and digital assets,” and her campaign is already lobbying the crypto community to support the creation of a new crypto regulatory framework. It reflects a desire to uncover details. The plan aims to create more equitable economic opportunities in Black communities by integrating clear regulation and support for Black-owned businesses.
Additionally, the Kamala Harris Super PAC is accepting Bitcoin and Ethereum donations, a sign of the changing political climate. According to the recent CNF update, Bitcoin (BTC) has skyrocketed. 5.04% the past day 5.51% In the past week $65,828According to CoinMarketCap.
