- Kamala Harris stated that she wants the United States to remain dominant in blockchain, AI, and other emerging technologies if elected president.
- Harris made a brief reference to encouraging innovative technologies like digital assets while protecting consumers and investors in her 82-page economic plan.
- Harris emphasized the importance of the US maintaining its lead over rival countries like China in industries of the future.
Democratic presidential nominee Kamala Harris recently stated her position on digital assets and emerging technologies like blockchain. In a speech on September 25th in Pittsburgh, Harris emphasized the need for the US to lead in these critical areas.
Harris’ Stance on Blockchain and Crypto
In her speech, Harris said “We will invest in biomanufacturing and aerospace, remain dominant in AI and quantum computing, blockchain and other emerging technologies, and expand our lead in clean energy innovation and manufacturing.”
This marks one of the first times Harris has publicly commented on blockchain and related technologies. While Harris did not go into specifics on crypto regulation, she made it clear she wants the US to stay ahead of global competitors in blockchain innovation.
Key Details from Harris’ Economic Plan
Alongside her speech, Harris released an 82-page economic plan for her potential presidency. The plan includes a single reference to “digital assets,” saying Harris would “encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”
Overall, the plan emphasizes American leadership in new technologies as crucial for economic growth and competitiveness with countries like China. Harris stresses the need for dominance across sectors like biomanufacturing, aerospace, AI, and blockchain.
Potential Impact on Crypto if Harris Wins
According to analysts, a Harris presidency could accelerate adoption of cryptocurrencies. Her stance contrasts with Trump’s pro-crypto deregulation approach. However, Harris’ plan to address growing deficits may weaken the dollar over time, which could benefit Bitcoin. The election remains a close race, with Harris slightly ahead in recent polls.
Conclusion
While brief, Harris’ favorable mention of blockchain signals a positive shift for the technology’s political standing. Her economic plan prioritizes American leadership in emerging tech to compete with rival nations. This pro-innovation approach, along with her views on fiscal policy, suggest a Harris administration could create favorable macro conditions for cryptocurrency adoption. However, the impact on crypto regulation remains uncertain.
