financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
From Silence to Support: Kamala Harris Advocates for Blockchain in Latest Speech
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
From Silence to Support: Kamala Harris Advocates for Blockchain in Latest Speech
Sep 26, 2024 1:50 AM

Speaking at the Economic Club of Pittsburgh on Sept. 25, the Democrat presidential candidate said that, if elected, she will “recommit” to technologies such as distributed ledger.

“I will recommit the nation to global leadership in the sectors that will define the next century [] remain dominant in AI and quantum computing, blockchain, and other emerging technologies.”

Her comments are the latest in an apparent U-turn from the current administration, which has been hellbent on destroying the crypto industry in the US over the past three years.

The Blockchain and AI President

Moments ago at the Economic Club of Pittsburgh, PA, Kamala Harris committed to working to help the US dominate in Blockchain, AI and Quantum computing.

Specifically she said, I will recommit the nation to global leadership in the sectors that… pic.twitter.com/CVTuo0yaYY

Kamala for Crypto?

Until recently, Harris has been silent on digital assets. At a New York fundraising event on Sept. 22 she broke that silence by stating that she wanted to  “invest in America’s competitiveness,” mentioning crypto for the first time in her campaign:

“We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”

However, there was only one brief mention of digital assets in her 80-page economic plan and no mentions of blockchains.

Venture capitalist Adam Cochran labeled it as “progress” adding that “She is very much interested in US financial dominance and US tech supremacy.” He added that she doesn’t stand to gain much from the crypto crowd by endorsing it anymore at this stage.

“What % of crypto voters would switch to her, that aren’t already going to vote for her, if she endorsed crypto more strongly? Almost zero.”

Skeptics were not convinced with some suggesting that if she got elected, she could reverse this course claiming that AI and crypto were bad for the environment and continue to crack down on them as the Biden administration has done.

The Stand With Crypto Alliance, a political action committee launched by Coinbase in 2023, ranks US politicians on their stance on crypto. It claims to have “not enough information” on Kamala Harris, ranks Joe Biden as “somewhat against” crypto and Donald Trump, who recently bought burgers with Bitcoin, as “strongly supportive.”

However, appears that crypto voters may already be in their camp and are unlikely to switch sides no matter what Kamala Harris comes out with next.

A Tight Race

According to FiveThirtyEight, Harris has a slim 48.4% lead in the national polls over rival Donald Trump at 45.8%.

The Polymarket prediction platform has an even slimmer gap, with Harris at 50% to Trump’s 49%, but predicts that the former President has taken the lead in the swing state of Pennsylvania.

Trump just flipped Pennsylvania. pic.twitter.com/IazLg1HWYi

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
OKX to Discontinue Services in Nigeria, Here’s What Users Need to Know
OKX to Discontinue Services in Nigeria, Here’s What Users Need to Know
Jul 17, 2024
Leading crypto exchange OKX has announced the discontinuation of its services in Nigeria, citing recent regulatory changes. According to emails sent to OKX’s Nigerian users, customers have until August 30 to withdraw their assets from the exchange, as any remaining balances on the platform will become subject to restrictions afterward. OKX Ends Services in Nigeria From August 16, OKX’s Nigeria...
Trump Set to Launch Fourth NFT Collection, Citing Public Interest
Trump Set to Launch Fourth NFT Collection, Citing Public Interest
Jul 17, 2024
Former U.S. President Donald Trump plans to release a fourth NFT collection after the success of his previous three, which quickly sold out in a day. In a Tuesdays Bloomberg Businessweek interview, Trump said people are asking for a fourth one, citing their “unbelievable spirit.” Trump Warns China Could Dominate Crypto Market In May, at a gala for his mugshot...
Arthur Hayes’ Maelstrom Launches Bitcoin Grant Program to Boost Technical Development
Arthur Hayes’ Maelstrom Launches Bitcoin Grant Program to Boost Technical Development
Jul 17, 2024
BitMEX co-founder Arthur Hayes crypto investment fund Maelstrom announced the launch of the Bitcoin Grant Program that aims to help with the technical development of the largest blockchain network. The focus will also be to improve its resilience, scalability, censorship resistance, and privacy characteristics. On its official website, Maelstrom said that it can support Bitcoin developers and is committed to...
Silicon Valley Is In Love With Trump Because of Bitcoin, Says Mark Cuban
Silicon Valley Is In Love With Trump Because of Bitcoin, Says Mark Cuban
Jul 17, 2024
Why are Silicon Valley venture capitalists suddenly supporting Donald Trump? Billionaire Mark Cuban – one of the politician’s staunchest critics – says “It’s a Bitcoin play.” The businessman’s analysis follows several Trump endorsements from wealthy crypto leaders who explicitly favor him because he promises to protect their industry. Silicon Valley, Trump, and Bitcoin According to Cuban, a Trump Presidency would...
Copyright 2023-2025 - www.financetom.com All Rights Reserved