Vice President Kamala Harris’s comments on promoting technologies like artificial intelligence (AI) and blockchain have sparked a lot of discussion in the cryptocurrency community. While some see her words as encouraging and forward-thinking, others believe Harris is just flattering and trying to gain political favor.

Vice President Harris Faces Skepticism Over Blockchain Claims Amid Ongoing Crypto Crackdown

Speaking to the Economic Club of Pittsburgh, 2024 presidential candidate Harris stated that the United States intends to “recommit” itself to global leadership in areas such as “AI, quantum computing, blockchain, and other emerging technologies.” Her newly released economic plan also mentions “digital assets.” Some individuals have praised Harris for these statements, seeing them as a step in the right direction.

“This is a turning point,” David Hoffman wrote. “Kamala is officially pro-crypto. She’s not as pro-crypto as Trump, but she’s now technically pro-crypto,” Hoffman added. Cinneamhain Ventures partner Adam Cochran described Harris’ comments as “progressive.” While Cochran’s views drew disagreement from many, others felt her comments actually reflected forward-thinking ideas.

“There is definitely progress, I am starting to get tired of not seeing anything, but I still have a lot of faith in her, especially after yesterday’s testimony to Congress and the SEC,” one individual responded to Cochran’s X thread. While some people believe Harris’ intentions are sincere, a large number of people on X are more negative and skeptical about her claims, especially since Operation Chokepoint 2.0 is still in effect.

“Saying that Kamala Harris doesn’t get a point on crypto while Gary Gensler is still employed, Choke Point 2.0 is still raging, and the legal battle against Roman Storm continues is not a goalpost shift,” Ryan Selkis, former CEO of Messari, wrote on X. “She can take her Blockchain and CBDC straight to hell. Crypto is MAGA.”

Another person exclaimed:

GM with everyone except crypto enthusiasts thinking Harris will do anything but take control of our entire industry AND impose the most brutal restrictions on free speech in the history of our country by restricting software code and peer-to-peer communication. Free speech and crypto should not be allowed to give up an inch of ground. Never Harris.

Just as many have questioned Harris’s promises, others are curious why she hasn’t acted in the past three and a half years—or even now. Some defend her by pointing out that as Vice President (VP), her power is limited, but it’s worth noting that Harris has made more tie-breaking votes than any VP in US history. She gave the final say on Bernie Sanders’ budget bill and cast the deciding vote to advance the “American Rescue Plan of 2021.”

Additionally, she broke the deadlock on the “De-Inflation Act.” During her time as Vice President, the administration took action against companies such as Coinbase, Kraken, Binance, Consensys, Uniswap Labs, and Paxos. The Biden-Harris Treasury Department also introduced brokerage language regarding digital assets. The administration even proposed high taxes on cryptocurrency miners. Additionally, the administration has addressed the issue of digital assets in March 2022.

Politicians often use buzzwords and emerging technologies to appeal to specific groups of voters, and Kamala Harris’s statements on blockchain seem to follow this trend. While her statements may seem progressive, many believe they should be approached with skepticism. It is important for the public to critically evaluate these types of promises, understanding that political rhetoric is often more about winning support than driving meaningful, substantive action. As seen with previous political figures, especially on the campaign trail, words do not always translate into meaningful change, and voters should always be wary when considering such statements.

What do you think about Harris’s comments on blockchain? Please share your thoughts and opinions on the subject in the comments section below.
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