Kamala Harris wants the U.S. to lead in blockchain to stay competitive globally.
She believes blockchain and new technology will create jobs and boost the economy.
Harris supports statutes that encourage innovation while ensuring user safety.
Kamala Harris, during her speech at The Economic Club of Pittsburgh on September 25, committed to advancing blockchain and artificial intelligence technologies. She noted how the United States needs to lead in these critical sectors. She also pointed out the importance of supporting innovation while ensuring protections for consumers and shareholders.
Blockchain and AI for Economic Growth
Harris emphasized that developments like cryptography and AI are essential for keeping the United States strong. She said, “We will invest in biomanufacturing and aerospace and remain dominant in AI and blockchain." These innovations, Harris added, will help create jobs and drive economic growth. She believes these sectors are important for the nation to stay ahead globally.
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In addition to this, Harris stressed the need for clear policies. She aims to create an environment that supports new technologies while also safeguarding consumers. Her goal is for the U.S. to continue leading in the modern economy and addressing future issues.
Shift Towards Digital Assets
Harris’ recent remarks show a change in her position on digital assets. On September 22, she spoke at a fundraising event where she expressed support for the growth of digital assets while stressing the need for consumer protection. She also released an economic plan that outlines her administration’s focus on encouraging digital innovation.
The plan stated that the U.S. will “encourage innovative technologies like AI and digital assets while protecting consumers." This signals a shift from the current administration’s stricter approach toward the cryptocurrency industry. Harris’ more welcoming stance could mark a new direction for U.S. policies on blockchain and cryptocurrency technologies.
Political Reactions
Harris’ support for blockchain and AI has seen mixed responses. The Stand With Crypto Alliance, founded by Coinbase in 2023, said it lacks enough information to assess Harris’ position on crypto. On the other hand, Donald Trump has been a vocal advocate of electronic money and has even used Bitcoin.
Some critics wonder if Harris would maintain her support for blockchain and AI if elected. Concerns about environmental impacts could lead to policy changes. However, Harris continues to focus on keeping the U.S. as a leader in future technological advancements.
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