Kamala Harris recently expressed her support for cryptocurrency protection and emerging technologies, stating her desire for the United States to “remain dominant” in sectors like blockchain and artificial intelligence. In her speech at The Economic Club of Pittsburgh on September 25, Harris outlined her agenda for investing in different sectors, such as biomanufacturing and aerospace.
In her speech, Harris pointed out that maintaining a focus on technological advancement was key, as the next generation of breakthroughs, including batteries, geothermal power, and advanced nuclear power, are created by Americans and for Americans. This statement results from her vision for a robust America in technology and innovations.
Harris Positions Herself as Supportive of Crypto
This is Harris’s first time actively speaking on blockchain throughout her political career. Although she mentioned it briefly in some fundraising situations, her latest speech can be seen as a more official recognition of the crypto industry. She spoke of the urgency of the United States to remain ahead in future industries, not China, so it is for America to win the race for the century.
This is worth mentioning; however briefly, Harris does so, especially in light of significant funding to sway the 2024 vote from pro-blockchain camps. These groups are trying to determine the legal perspective of the cryptocurrencies nowadays that are facing increased regulatory actions by Biden’s presidency. At the same time, the crypto space has found a friend in its leader in the person of the now-former US President Donald Trump, who had endorsed a decentralized finance platform.
In comments, Harris does not seem to be trying to contradict Biden directly on crypto but also seems to try to position herself as more supportive of it than he is, but without giving him too much direct pushback. Further, the Harris campaign website has updated its economic plan in recent days. As part of its focus on innovation, it affirms support for advanced technologies, which in today’s context means cryptocurrencies, but only if user protection is considered.
This move implies that the Harris administration, if elected, might have a positive attitude towards developing the cryptocurrency industry.
