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Home»ADOPTION NEWS»Kamala Harris Says US Must Be ‘Dominant’ in Blockchain, Reiterates ‘Digital Assets’ in Economic Plan
ADOPTION NEWS

Kamala Harris Says US Must Be ‘Dominant’ in Blockchain, Reiterates ‘Digital Assets’ in Economic Plan

By Crypto FlexsSeptember 25, 20243 Mins Read
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Kamala Harris Says US Must Be ‘Dominant’ in Blockchain, Reiterates ‘Digital Assets’ in Economic Plan
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Vice President Kamala Harris said Wednesday that under her leadership, the U.S. will “reaffirm” global leadership in sectors that will define the next century and “maintain our edge in AI, quantum computing, blockchain and other emerging technologies.” Her comments came in a speech. that concise club In Pittsburgh.

Until last weekend, the Democratic presidential candidate had been tight-lipped about cryptocurrencies during the campaign. At a Wall Street fundraiser in Manhattan, Harris said AI and cryptocurrencies were part of her vision for an “opportunity economy.”

“We will protect consumers and investors while also encouraging innovative technologies like AI and digital assets,” Harris said at the fundraiser. “We will create a safe business environment with consistent and transparent rules of the road.” She said Wednesday that she Page 80 Economic planning.

Although incremental, this is a welcome sign for the crypto industry, which has been warmly welcomed by Republican candidate Donald Trump for much of the year. Most recently, Trump visited New York City’s Bitcoin-themed bar PubKey, and his family’s World Liberty Financial project confirmed that there will be a token sale.

VanEck analysts say the November election results could have mixed results for cryptocurrencies.

“(We) have Kamala Harris and Donald Trump going strong. Bitcoin Bitcoin

-2.06%
“Each has more nuanced implications for the broader digital asset market,” the analysts wrote earlier this week. “Both administrations are likely to maintain, if not accelerate, fiscal spending, which could lead to additional quantitative easing, especially if it is exacerbated by anti-business policies.”

They noted that a Harris presidency could be better for Bitcoin, as it would “accelerate many of the structural problems that have hindered Bitcoin adoption in the first place.”


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

Jason is the U.S. News Editor for The Block. He previously worked as a staff writer and later as an editor at Benzinga, a financial news and data company. He led Benzinga’s daily market coverage and the publication’s expansion into cannabis, cryptocurrency, and sports betting verticals. He holds a bachelor’s degree in journalism from Central Michigan University and lives in the suburbs of Detroit, Michigan. Follow him on X @JasonShubnell.

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