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Key takeaways
- Kamala Harris calls for U.S. leadership in blockchain to shape the future economy.
- Harris’ economic plan places a heavy emphasis on digital assets and AI.
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Vice President Kamala Harris has pledged that under her leadership, the United States will “recommit” to global dominance in emerging technologies such as blockchain, AI and quantum computing.
In a video shared by Adam Cochran, managing partner of Cinneamhain Ventures, Harris is heard discussing emerging technologies, saying that these should be sectors in which the United States should be dominant.
In her latest speech today, Harris says the United States should become “dominant in blockchain”
I am sure that the “silence is not enough”, “digital assets are not enough” advocates will move the goalposts again.
But: progress!
— Adam Cochran (adamscochran.eth) (@adamscochran) September 25, 2024
Speaking Wednesday at the Economic Club of Pittsburgh, Harris stressed the importance of maintaining U.S. leadership in high-tech industries. Her remarks come as the Democratic presidential nominee begins to lay out her economic vision for the country.
Harris’ comments mark a shift in her campaign rhetoric, which has so far been mum on cryptocurrency and blockchain. At a recent fundraiser on Wall Street in Manhattan, she touted AI and crypto as part of her vision for an “opportunity economy,” promising to foster innovation while protecting consumers and investors.
The vice president’s 80-page economic plan, released Wednesday, reiterates her commitment to creating a “safe business environment with consistent and transparent rules” for emerging technologies. That approach contrasts with Republican nominee Donald Trump, who has more actively courted the cryptocurrency industry, including a recent visit to a Bitcoin-themed bar in New York City.
VanEck analysts suggest that the outcome of the November election could have mixed implications for the cryptocurrency sector. While both Harris and Trump are seen as potentially bullish on Bitcoin, a Harris presidency could accelerate the structural issues that are driving Bitcoin adoption. However, analysts note that both administrations would likely maintain or increase fiscal spending, which could lead to further quantitative easing.
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