Vice President Kamala Harris has shown a trademark vision for America by declaring that under her guidance, the US will renew its commitment to emerging technologies such as AI, quantum computing and blockchain. Speaking to The Economic Club of Pittsburgh, she emphasized her drive for the US to remain a global behemoth when it comes to groundbreaking technologies. This development came as somewhat of a surprise, as Harris had been notably silent on the subject of cryptocurrencies during her campaign trail.
The Democratic presidential nominee broke her silence during a Wall Street fundraiser, where she unveiled that AI and cryptocurrencies are crucial cogs in the machine of her envisioned “opportunity economy”. She promised to foster an environment that not only encourages innovation in tech like AI and digital assets, but also ensures adequate protection for consumers and investors.
This is good news for the crypto industry, which until now has seen the most support mainly from Republican nominee Donald Trump. Trump is known for supporting the Bitcoin industry, recent examples include his visit to a Bitcoin-themed pub in New York and his family’s involvement in a token sale project.
The upcoming November election has the potential to swing the future of cryptocurrencies in the US. Though both Harris and Trump have shown support for Bitcoin, the election’s outcome could see changes in broader digital asset markets. Some analysts predict that a Harris presidency might bring improved conditions for Bitcoin, as her policies would heighten the structural issues that encourage Bitcoin adoption in the first place.