As a seasoned researcher with years of experience in analyzing political and technological landscapes, I find Kamala Harris’ stance on blockchain technology and artificial intelligence intriguing. Her focus on maintaining US dominance in these areas is strategic and forward-thinking, considering the rapid pace at which technology evolves today.
In a recent address, Kamala Harris, representing the Democratic Party’s nominee for U.S. President, expressed her desire for America to continue leading the way in the areas of blockchain technology and artificial intelligence (AI).
While speaking at The Economic Club of Pittsburg, Harris said:
Our plans involve pouring resources into biotechnology production and aeronautics, continuing to excel in artificial intelligence and quantum computation, as well as blockchain and other cutting-edge tech. Furthermore, we aim to increase our advantage in clean energy research and production.
Lately, Kamala Harris has been announcing new commitments concerning the crypto sector. This marks the second occasion within a week where she’s addressed the topic to foster advancements in cryptocurrency. Harris has vowed to create a predictable business climate with straightforward rules, while minimizing excessive red tape. She underscored that her administration would focus on investments in renewable energy sources, semiconductors, and other critical industries.
Nevertheless, numerous cryptocurrency market experts argue that Kamala Harris may not fully deliver on her promises regarding digital assets support. The 80-page economic plan shared by Kamala Harris and Tim Walz merely references digital assets just once.
🚨NEW: 80 pages outlining @KamalaHarris/@Tim_Walz economic plan.
The statement made over the weekend about digital assets, which was also discussed with AI on page 56.
Full document here: 👇🏼
— Eleanor Terrett (@EleanorTerrett) September 25, 2024
In her latest address, Kamala Harris underlined the significance of the U.S. staying ahead in technological advancements compared to other nations. She stated that the U.S. is a global leader in future industries and stressed that it’s crucial for America, rather than China, to emerge victorious in the 21st century competition for these innovative sectors.
How Will Kamala Harris Win Impact Bitcoin and Crypto?
In a conversation with Fox Business, Representative Ro Khanna expressed optimism following Senator Kamala Harris’ endorsement of developing cutting-edge technologies like AI and digital currencies. To put it simply, he was pleased with her stance on these modern technological advancements.
You can’t dismiss Bitcoin and cryptocurrencies as if they’re unimportant, much like saying you’re against the iPhone or laptops. They are merely technologies, yes, but they serve as a contemporary form of wealth storage and transactional system in today’s world. For many young people, they represent a modern equivalent to gold.
Last week, VanEck analysts indicated in their research findings that the result of the U.S. elections could have a varied impact on cryptocurrencies.
Analysts previously stated that while both Kamala Harris and Donald Trump have a positive outlook on Bitcoin, they each bring different, more complex effects to the wider digital asset markets. It is expected that both administrations will continue or even increase spending, potentially leading to more quantitative easing – particularly if their policies are hostile towards businesses.
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2024-09-26 11:24