Arnold Schwarzenegger Kamala Harris? Trump as a garbage collector? A few days before the US presidential election (and in meme mode), we revisit the policies of each candidate in our new 99Bitcoins video.
Democratic candidate Kamala Harris’ politics begins with the nomination Marc Cuban for the SEC, a tax on unrealized capital gains, and attract more black men to adopt cryptocurrency.
Here’s Kamla Harris’ crypto and economic policy news in two minutes!
Arnold Schwarzenegger Kamala Harris? Don’t forget Mark Cuban either
The first notable point of Kamala’s plan is the appointment of Mark Cuban…yes, this Mark Cuban—for the head of the Securities Exchange Commission (SEC).
Cuban has been a strong supporter of cryptocurrency, and Kamala Harris recently said in an interview with Fox that he wants to be the new head of the SEC under his administration.
As for her own crypto policy, Kamala Harris’ camp has launched her “Crypto For Harris” promotion, which aims to outline clear regulations for cryptocurrencies if she wins in November.
Mark Cuban covers Kamala’s record but it doesn’t go well…
Scott Jennings: “You act like she just landed here on a spaceship 13 weeks ago”
“She was vice-president for an entire term” pic.twitter.com/jiM9F4jxlF
– MAGA Resource (@MAGAResource) October 26, 2024
Kamala’s support for crypto has not gone unnoticed in the industry.
Bitmex co-founder and former CEO Arthur Hayes celebrated the move, saying it doesn’t matter who takes the White House; the crypto market will explode thanks to Trump and Kamala’s support for blockchain and widespread money printing, Of course.
XRP co-founder Chris Larsen also donated $1 million to the Kamala campaign to influence government support for Ripple. Kamala also made a plan for black men to get them more involved in the cryptocurrency markets.
She thinks black men are underrepresented in the crypto industry – but, you know, I’m here so…
Here are some final elements of Kamla’s economic plan
Kamala supports Unrealized capital gains— that is, profits that only live on paper that you have not yet taken — and will target this policy at households worth more than $100 million. Interestingly, this tax bill is more radical than any proposal from far-left Democrats Bernie Sanders or Elizabeth Warren.
Critics like presidential candidate Donald Trump say it’s a slippery slope toward full-fledged communism.
However, supporters of Kamala’s plan say the move is more about leveling the playing field, ensuring that the mega-rich bear a tax burden consistent with that faced by everyday wage earners. His bill calls for fairness in a tax landscape often skewed toward those at the top of the financial food chain.
Harris also supports an increase in the corporate tax from 21% to 28%, echoing Biden’s call for tax fairness.
Finally, and a little outside of crypto, Kamla promises to cancel student debt, provide $25,000 to first-time home buyersand enact price controls by saying, “(We will) ‘revitalize competition’ by ‘investigating and prosecuting price-fixing practices’ and enacting ‘the first-ever federal ban on price gouging’ for consumer goods.” grocery store.
We give Kamala Harris’ economic plan 3 stars, a coconut tree and an emoji of Joe Biden eating ice cream out of 5.
If you want to know more about Kamala’s economic policies, stay tuned to our November 5 election coverage.
Watch the full video here
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