Regulation
Kamala Harris Pledges US Dominance in Blockchain & AI Technology
Vice President of the United States Kamala Harris has vowed to help the U.S become the world’s leading country in the area of blockchain and artificial intelligence. In a speech at The Economic Club of Pittsburgh, Harris stressed that the United States needs to continue to lead in the technologies of the future. She mentioned blockchain, AI, quantum tech and other such technologies as domains where the US needs to remain on top.
Kamala Harris Vows to Lead in Emerging Technologies
In her speech, Harris focused on maintaining America’s leadership in some of the most promising sectors such as blockchain. She claimed that these innovations are necessary for the continued competitiveness of the country and especially when it comes to competing with countries such as China.
Kamala Harris positioned the future of American economic leadership in AI, blockchain, and quantum computing and said that her administration would lead in these areas.
From Harris’ latest speech today she says that the US should become “Dominant in Blockchain”
I’m sure the “silence isn’t enough” “digital assets isn’t enough” crowd will move the goal post again.
But: progress!
— Adam Cochran (adamscochran.eth) (@adamscochran) September 25, 2024
Kamala Harris elaborated her vision of ‘opportunity economy’, where the America will support innovativeness but remain protective of consumers. She pointed out that her government would introduce a favorable environment for doing business, clear rules to develop digital assets and other possible technologies.
Mark Cuban Endorses Harris, Shows Interest in SEC
Billionaire entrepreneur Mark Cuban has publicly endorsed Kamala Harris, expressing support for her stance on innovative technologies, including blockchain and digital assets. Cuban also pointed out that Harris showed her disapproval towards ‘regulation through litigation and further mentioned that her administration could possibly fire the current Chairman of SEC, Gary Gensler.
He said that such a decision could add considerably to economic expansion, dubbing it a potential ‘point in GDP growth.’
In an interview, Cuban went further and said that if he were to be offered the position in a Harris administration, he would be interested in being the head of the SEC. This endorsement and the interest in leadership are an indication of Cuban’s agreement with Harris’s views on technology regulation and the role that technology should play in the modern world.
Congressman Ro Khanna Applauds Harris’ Approach
The Vice President’s statements also attracted support from other legislators, with Representative Ro Khanna welcoming Harris’ stance on newest technologies like Artificial Intelligence and Digital Assets. Khanna stated that going against Bitcoin and cryptocurrencies would be like going against technological advancements such as smartphones and laptops.
He stressed the importance of the right approach to regulation that will allow the development of digital assets without harming customers, as he pointed out that Bitcoin is a new kind of gold for the youth.
🚨NEW: Congressman @RoKhanna just told @FoxBusiness he was encouraged by @KamalaHarris’s recent statement saying she would encourage innovative technologies like AI and digital assets.
“Look, you can’t be against Bitcoin or crypto. It’s like saying I’m against the iPhone or I’m…
— Eleanor Terrett (@EleanorTerrett) September 25, 2024
Khanna’s comments reflect the new reality in the political field that digital assets are not a fad and that embracing innovation through regulation will help the United States maintain its position as a global leader in the global economy.
Kamala Harris’ speech coincided with the release of her 80-page economic plan, which stresses the importance of emerging technologies. Her vision includes fostering growth in industries like AI and blockchain while maintaining strong regulatory frameworks to protect consumers and investors
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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