Kamala Harris Vows To Keep The US Dominant In Blockchain Technology

Presidential candidate Kamala Harris said she wants the US to “remain dominant” in future technologies including blockchain, AI and other industries in her latest comments on the the crypto  space.

“We will invest in biomanufacturing and aerospace, remain dominant in AI and quantum computing, blockchain and other emerging technologies,“ Harris said during a Sept. 25 speech at The Economic Club of Pittsburgh. 

Kamala Harris Says Her Administration Will Encourage AI And Digital Asset Innovation 

Harris has remained relatively quiet about her stance on crypto when compared to her Republican rival Donald Trump. Her first comments on the nascent digital asset industry were made on Sept. 22, when she said she will encourage innovative technologies like AI and digital assets.

Mr Pool does it again! 2nd time Trump says he will pay off the national debt with bitcoin/crypto. You have to pay attention to the nuances to piece together the master plan. It’s all coming together. #XRP pic.twitter.com/PMMaAtq9qW

— Rocky Morningside (@Jabeoux) September 23, 2024

Harris also briefly reiterated her position on crypto in an economic plan that was released alongside her Sept. 25 speech. In the plan, “digital assets” were referenced in a single sentence, with Harris’ administration saying they will protect consumers and investors while still allowing development in innovative technologies.

Experts Try To Gauge What Impact The Election Outcome Will Have On Crypto Prices

Analysts have mixed views on how the outcome of the presidential election will affect the crypto market. Asset manager VanEck said in a Sept. 19 research note that a Harris win might be “better” for the crypto space than if Trump were to take the White House for a second term.

VanEck added that a Trump victory is “generally bullish” for the crypto ecosystem given the potential deregulation of digital assets that might happen if he becomes president.

Meanwhile, analysts from Bernstein predicted in a Sept. 9 note that a Trump victory could be a more favorable result for the market, and forecast that it could push the price of Bitcoin to as high as $90K by the end of the year. In a converse scenario, BTC could plunge to as low as $30K if Harris wins, according to the analysts.

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