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.
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.
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.
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