I hope you had a good weekend, folks. In today's Daily, Kamala Harris makes her first remarks on crypto, although Bernstein analysts say the community wants more clarity on policy, a Silvergate executive says a "sudden regulatory shift" led to the crypto-friendly bank's demise and more.

Let's get started.

U.S. Vice President Kamala Harris said she would "encourage innovative technologies like AI and digital assets while protecting our consumers and investors" as President during comments made during a Wall Street fundraiser over the weekend, Bloomberg reported.

Following Harris' remarks, analysts at Bernstein said the crypto community needed more policy clarity and follow-through from the Vice President.

Silvergate's 2023 shutdown was ultimately driven by a "sudden regulatory shift" earlier that year, making its crypto-focused business model unsustainable, according to a recent bankruptcy filing from the bank's former chief administrative officer, Elaine Hetrick.

Ether has outperformed bitcoin since the U.S. Federal Reserve's 50 basis point rate cut last week, appreciating more than 16% compared to bitcoin's 6%.

Bitfarms and Riot Platforms reached a settlement agreement on Monday, potentially bringing an end to a takeover saga between the two Bitcoin mining firms.

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