VP Kamala Harris’s First Speech On Crypto Sparks 7% Rise In This Memecoin
24 Septembre 2024 - 5:30AM
NEWSBTC
Memecoin Kamala Horris (KAMA) has seen its first notable increase
in over a month, rising 7% in the last 24 hours, in response to
comments made by US Vice President Kamala Harris, who pledged to
support the growth of the crypto space if elected. Harris
Promises Support For Crypto And AI Speaking to donors at a
fundraiser in New York City on Sunday, Harris outlined her economic
agenda, which aims to foster innovation in the artificial
intelligence (AI) and digital asset sectors while ensuring consumer
protection, according to Bloomberg. At the event held at Cipriani
Wall Street, Harris stated: I will bring together labor,
small business founders and innovators, and major companies. We
will partner together to invest in America’s competitiveness and
future. We will encourage innovative technologies like AI and
digital assets, while protecting our consumers and investors.
Interestingly, this is Harris’ first public comment on crypto as a
Democratic presidential candidate, raising expectations among
investors and enthusiasts about her stance on digital assets
compared to President Joe Biden’s administration. Related Reading:
Bitcoin To Outshine Gold By 400% By 2025, Veteran Analyst Predicts
The cryptocurrency sector is becoming increasingly influential in
the 2024 presidential election, especially as industry executives
and investors express frustration over what they perceive as
onerous regulations under Biden. Harris’s campaign has
indicated a desire to support the growth of digital assets while
also advocating for necessary safeguards, particularly in light of
recent “high-profile failures” in the crypto market. In contrast,
former President Donald Trump, Harris’s Republican opponent, has
actively courted the crypto industry, promising to replace
Securities and Exchange Commission (SEC) Chair Gary Gensler and to
create a stablecoin framework. Harris Outraises Trump In
August Fundraising Push Per the report, Harris’s fundraiser was a
significant event aimed at bolstering her “financial advantage” in
the race against former president Trump. Tickets for the event
ranged from $500 to nearly $1 million, allowing top-tier donors
exclusive access to meet Harris and attend additional events.
Harris’s campaign has reported impressive fundraising figures,
raising $361 million in August alone, contributing to $404 million
in campaign funds at the start of September. This financial
backing surpasses the $130 million raised by Trump and the
Republican National Committee during the same period, giving Harris
and the Democrats a substantial $109 million cash advantage. KAMA
Surges Amid Growing Optimism For Harris’s Presidential Bid Kamala
Harris’s recent statements have boosted her fundraising figures and
led to gains for the memecoin KAMA, which has seen its first
increase in over a month. Currently trading at $0.0052, KAMA has
recorded a gain of 7.2%, recovering from a dip to $0.0500 earlier
this month amidst a broader market decline. Related Reading:
Polygon (MATIC) To Come back From The Dead As Ascending Triangle
Appears Despite this recent uptick, KAMA remains down nearly 87%
from its all-time high of $0.039, reached on July 24, according to
CoinGecko data. It remains to be seen whether further
announcements and statements of support for the digital asset
industry could lead to further gains for the token in the coming
days, with less than two months until the presidential
election. Featured image from DALL-E, chart from
TradingView.com
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