Kamala Harris Proposes Policy to Support Black Men Owning Crypto in the US

On October 14, Vice President Kamala Harris announced a new proposal called “Opportunity Agenda for Black Men,” which aims to support a crypto regulatory framework to protect ownership and investment rights in digital assets with the goal of helping build wealth for men of color.

With over 20% of African Americans owning or having owned crypto, the proposal makes it puzzling why Kamala Harris would focus on supporting black men in the crypto market instead of black people in general.

In Kamala Harris’ economic plan published last month, she believes her administration will encourage technologies like Crypto, AI, and promote consumer and investor protection.

Cleve Mesidor, founder of Nat’l Policy Network WOC Blockchain, believes that the way Ms. Harris is currently approaching and promoting the blockchain industry is going in the wrong direction.

“It is baffling that Harris-Walz’s policy team did not meet with diverse leaders in the crypto space, instead they crafted a policy that revolved around black men and proposed a regulatory framework that limited black men to being consumers rather than producers,” Mesidor said.

So Mesidor, along with Olayinka Odeniran and professors from Penn State Dickinson Law, sent a letter to Harris’s team requesting a meeting to discuss policy recommendations to promote innovation and inclusion. That meeting has yet to take place, however.