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Key Contents
- Kamala Harris advocates for American leadership in blockchain to shape the economy of the future.
- Harris’ economic plan includes a big emphasis on digital assets and AI.
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Vice President Kamala Harris has pledged that under her leadership, the U.S. will “recommit” to global leadership in emerging technologies like blockchain, AI and quantum computing.
In a video shared by Adam Cochran, managing partner at Cinneamhain Ventures, Harris is seen discussing emerging technologies, arguing that the U.S. needs to take the lead in these areas.
Harris said in a recent speech today that the U.S. must become “dominant in blockchain.”
I am sure that those who argue that “silence alone is not enough” and “digital assets alone are not enough” will once again shift their target.
But: it’s progress!
— Adam Cochran (adamscochran.eth) (@adamscochran) September 25, 2024
Speaking at the Economic Club of Pittsburgh on Wednesday, Harris stressed the importance of maintaining America’s leadership in cutting-edge sectors. Her remarks came as the Democratic presidential candidate began outlining her economic vision for the country.
Harris’s comments represent a shift in her campaign message, which has previously been quiet on cryptocurrency and blockchain issues. At a recent Wall Street fundraiser in Manhattan, she characterized AI and cryptocurrencies as part of her vision for an “opportunity economy,” promising to encourage innovation and protect consumers and investors.
The vice president’s 80-page economic plan, released Wednesday, reaffirms her commitment to creating a “safe business environment with consistent and transparent rules of the road” for new technologies. That approach stands in contrast to Republican nominee Donald Trump, who has been more aggressive in courting the cryptocurrency industry, including recently visiting a Bitcoin-themed bar in New York City.
VanEck analysts suggest that the November election results could have mixed effects on the crypto sector. While both Harris and Trump appear to be bullish on Bitcoin, a Harris presidency could accelerate the structural issues that drive Bitcoin adoption. However, analysts note that both administrations are likely to maintain or increase fiscal spending, potentially leading to additional quantitative easing.
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