Harris vows to keep US ‘dominant’ in blockchain and AI technologies
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Key Takeaways
- Kamala Harris advocates for US leadership in blockchain to shape the future economy.
- Harris’s economic plan includes a strong emphasis on digital assets and AI.
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Vice President Kamala Harris pledged that under her leadership, the United States would “recommit” to global dominance in emerging technologies such as blockchain, AI, and quantum computing.
In a video shared by Adam Cochran, Managing partner at Cinneamhain Ventures, Harris is heard discussing emerging technologies, claiming that these should be sectors in which the US should be dominant.
From Harris’ latest speech today she says that the US should become “Dominant in Blockchain”
I’m sure the “silence isn’t enough” “digital assets isn’t enough” crowd will move the goal post again.
But: progress!
— Adam Cochran (adamscochran.eth) (@adamscochran) September 25, 2024
Speaking at The Economic Club of Pittsburgh on Wednesday, Harris emphasized the importance of maintaining US leadership in cutting-edge sectors. Her remarks come as the Democratic presidential nominee begins to outline her economic vision for the country.
Harris’s comments represent a shift in her campaign messaging, which had previously been quiet on cryptocurrency and blockchain issues. At a recent Wall Street fundraiser in Manhattan, she framed AI and crypto as part of her vision for an “opportunity economy,” promising to encourage 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 of the road” for emerging technologies. This approach contrasts with Republican nominee Donald Trump, who has more actively courted the crypto industry, including a recent visit to a Bitcoin-themed bar in New York City.
Analysts at VanEck suggest the outcome of the November election could have mixed implications for the crypto sector. While both Harris and Trump are seen as potentially bullish for Bitcoin, a Harris presidency might accelerate structural issues driving Bitcoin adoption. However, the analysts note that both administrations would likely maintain or increase fiscal spending, potentially leading to further quantitative easing.
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Author: Vince Dioquino
