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VP Harris’s latest crypto comments fall short on details

Author: Content Editor
Vice President Kamala Harris's policy proposal, "Opportunity Agenda for Black Men," includes support for a regulatory framework for cryptocurrency to protect Black men who invest in it. However, her recent speech fell short in providing further details on this topic. While some praised the initiative, others criticized the limited focus on Black men's role in crypto. This is not the first time Harris has mentioned crypto, but her statements have been vague. Analysts suggest that her stance on certain issues related to crypto is slightly better than President Biden's. On the other hand, the Depository Trust & Clearing Corporation (DTCC) has introduced a sandbox to facilitate the adoption of digital assets. The DTCC's blockchain-based infrastructure has been used by the Japan Securities Clearing Corporation (JSCC) to explore how tokenization can enhance collateral management processes. The DTCC's goal is to encourage collaboration and development in the digital assets ecosystem. While tokenization efforts have been increasing, the adoption of this technology has been slow. The DTCC aims to address this issue and expects a significant amount of tokenized securities to be on digital rails by 2030. The impact of the DTCC's offering will be monitored in the coming months. As the U.S. presidential election approaches, both Vice President Harris and President Trump have made statements about crypto. Coinbase Chief Policy Officer Faryar Shirzad acknowledges Trump's comprehensive vision and support for the crypto industry. He also highlights Harris's efforts to engage with the crypto community and her potential for a more constructive approach to the issue. However, both candidates need to provide more substance and details on their crypto policies.

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