Harris signals support for crypto, in potential break with Biden [Video]

Vice President Kamala Harris is signaling support for the expansion of the cryptocurrency industry in the United States, attempting to rebuff claims that she would seek a crackdown on the rapidly growing but controversial sector.

In a speech in Pittsburgh about the economy on Wednesday, Harris said it was important for the United States to maintain its dominance in blockchain technology, which facilitates trade of cryptocurrencies such as bitcoin. The Harris campaign on Wednesday also released a policy document that said she will would “encourage innovative technologies like AI and digital assets,” a reference to cryptocurrencies and similar technologies such as stablecoins. Harris had on Sunday promised donors in New York City a “safer business environment” for digital assets, as well.

Harris has not detailed a specific plan for promoting crypto, and her statements have also affirmed the importance of protecting consumers from predatory practices. But her comments were intended …