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Arnold Schwarzenegger Kamala Harris? Trump as a rubbish man? With the US Presidential election only some days away (and in full meme mode), we revisit every candidate’s insurance policies in our new 99Bitcoins video.
Democratic candidate Kamala Harris’s insurance policies start with nominating Mark Cuban for the SEC, an Unrealized Capital Gains Tax, and pushing for extra black men to adopt cryptocurrency.
Right here’s Kamla Harris’s new crypto and financial insurance policies in two minutes!
Arnold Schwarzenegger Kamala Harris? Don’t Neglect Mark Cuban Too
The primary notable level in Kamala’s plan is nominating Mark Cuban—yes, that Mark Cuban—for the pinnacle of the Securities Change Fee (SEC).
Cuban has been an ardent supporter of cryptocurrency, and now Kamala Harris lately stated in an interview with Fox he desires to be the brand new SEC head underneath her administration.
As for her personal crypto insurance policies, the Kamala Harris camp launched its ‘Crypto For Harris’ promotion, which goals to outline clear regulation for cryptocurrencies if she wins in November.
Mark Cuban runs cowl on Kamala's file nevertheless it doesn't go nicely…
Scott Jennings: “You act as if she simply landed right here on a spacecraft 13 weeks in the past”
“She's been the vice-president for a complete time period” pic.twitter.com/jiM9F4jxlF
— MAGA Useful resource (@MAGAResource) October 26, 2024
Kamala’s assist for crypto hasn’t gone unnoticed within the business.
Bitmex cofounder and ex-CEO Arthur Hayes celebrated the transfer, saying it received’t matter who takes the White Home; the crypto market will growth due to Trump and Kamala’s assist for blockchain and rampant cash printing, in fact.
XRP co-founder Chris Larsen additionally donated $1 million to the Kamala campaign to sway authorities assist for Ripple. Kamala additionally made a plan directed at Black men to get them extra concerned within the cryptocurrency markets.
She believes black males are underrepresented within the crypto business – however, you recognize, I’m right here so…
Listed below are Some Last Issues in Kamla’s Financial Plan
Kamala helps Unrealized Capital gains—i.e. earnings that stay solely on paper that you just haven’t taken but—and can purpose this coverage at households price over $100 million. Curiously, this tax invoice is extra radical than any proposal by far-lett Democrats Bernie Sanders or Elizabeth Warren.
Detractors like presidential candidate Donald Trump say this can be a slippery slope to full-blown communism.
Nevertheless, advocates of Kamala’s plan argue that this transfer is extra about leveling the taking part in discipline, guaranteeing that the mega-rich shoulder tax burdens in step with what on a regular basis earners face. Her invoice requires equity in a tax panorama typically skewed to favor these on the prime of the monetary meals chain.
Harris additionally backs a company tax hike from 21% to twenty-eight%, echoing Biden’s name for tax fairness.
Lastly, and a little bit of an apart from crypto, Kamla is promising to cancel pupil mortgage debt, grant $25,000 to first home buyers, and enact worth controls saying, “[We will] “revitalize competitors” by “investigating and prosecuting price-fixing” and move “the first-ever federal ban on worth gouging” for groceries.”
We give Kamala Harris’s financial plan a 3 stars, a coconut tree, and an emoji of Joe Biden consuming ice cream out of 5.
If you wish to know extra about Kamala’s financial insurance policies, keep tuned for our election coverage on November 5.
EXPLORE: 2024 Election Day Could Trigger 10% Move in BTC and Bitcoin All-Time High
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The submit Arnold Schwarzenegger Kamala Harris? Kamala’s New Crypto Policies in 2 Minutes appeared first on .
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