Kamala Harris advocates for Blockchain in latest speech

Speaking at the Economic Club of Pittsburgh on September 25, the Democratic presidential candidate said that if elected, she will “re-commit” to technologies such as distributed ledger.

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

His comments are the latest in an apparent U-turn by the current administration, which has been bent on destroying the crypto industry in the US for the past three years.

The Chairman of Blockchain and AI

Moments ago, at the Economic Club in Pittsburgh, Pennsylvania, Kamala Harris pledged to work to help the US master Blockchain, AI and quantum computing.

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

— Ed Krassenstein (@EdKrassen) September 25, 2024

Kamala for Crypto?

Until recently, Harris has kept quiet about the digital assets. At a fundraising event in New York on September 22, he broke that silence by stating that he wanted to “invest in America’s competitiveness,” mentioning crypto for the first time in his campaign:

“We will foster innovative technologies like artificial intelligence and digital assets while protecting our consumers and investors.”

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

Venture capitalist Adam Cochran called it “progress” and added that “She’s very interested in US financial dominance and US technological supremacy.” He added that he can no longer gain much from the crypto crowd by endorsing it at this stage.

“What percentage of crypto voters would switch to her, who won’t vote for her yet, if she endorsed crypto more strongly? Almost zero.”

Skeptics were unconvinced with some suggesting that if elected, she could reverse course by 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 created by Coinbase in 2023, ranks US politicians based on their stance on crypto. He claims he “doesn’t have enough information” about Kamala Harris, ranks Joe Biden as “somewhat against” crypto and Donald Trump, who recently bought burgers with Bitcoin, as “strongly in favor.”

However, it appears that crypto voters are already in their camp and are unlikely to switch sides, regardless of what Kamala Harris comes up with next.

A tight race

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

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

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

— Polymarket (@Polymarket) September 25, 2024

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