Memecoin Kamala Horris (KAMA) has seen its first notable surge in over a month, rising 7% in the past 24 hours in response to comments made by the US Vice President. Kamala Harriswho has pledged to support the growth of the crypto space if elected.
Harris promises support for encryption and AI
Talking 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 protections, according to Bloomberg. At the event held at Cipriani Wall Street, Harris said:
I will bring together workers, founders, and innovators from small businesses to large corporations. We will partner to invest in America’s competitiveness and future. We will foster 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.
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The cryptocurrency sector is becoming increasingly influential in the 2024 presidential electionsespecially as industry executives and investors express frustration with what they see as burdensome regulations under Biden.
Harris’ campaign has indicated a desire to support the growth of digital assets while advocating for necessary safeguards, especially in light of recent “high-profile failures” in the crypto market.
In contrast, former President Donald Trump, Harris’ Republican opponent, actively courted the crypto industry, promising replace Securities and Exchange Commission (SEC) Chairman Gary Gensler and create a stablecoin framework.
Harris tops Trump in August fundraising campaign
According to the report, Harris’ fundraiser was a significant event aimed at bolstering her “financial advantage” in the race against former President Trump. Tickets to the event ranged from $500 to nearly $1 million, allowing top-tier donors exclusive access to meet Harris and attend additional events.
Harris’ campaign has reported impressive fundraising numbers, raising $361 million in August alone, contributing to $404 million in campaign funds by early September.
This financial support exceeds the 130 million dollars raised by Trump and the Republican National Committee during the same period, giving Harris and the Democrats a substantial cash advantage of $109 million.
KAMA comes amid growing optimism about Harris’ presidential bid
Kamala Harris’ recent statements boosted her fundraising numbers and led to gains for memecoin KAMA, which saw its first surge in over a month. Currently trading at $0.0052, KAMA has seen a 7.2% gain, recovering from a dip to $0.0500 earlier this month amid a broader bear market. decline.
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Despite this recent surge, KAMA remains nearly 87% below its all-time high of $0.039, reached on July 24, according to CoinGecko. data.
It remains to be seen whether new announcements and statements from support for the digital asset industry could lead to further gains for the token in the coming days, with less than two months to go until the presidential election.
Featured image of DALL-E, chart from TradingView.com
