US President candidate Kamala Harris has finally pledged her allegiance toward maintaining US supremacy in these fields to settle the speculations about her stand regarding Blockchain, AI Technology, and quantum computing. She outlined her plans for technical innovation during a recent speech at The Economic Club of Pittsburgh.
The video of her speech was shared on the X platform by Adam Cochran, Managing partner at Cinneamhain Ventures.
As the election campaign is nearing its end, the Democratic party candidate voicing her opinion regarding digital technology adoption has come out as a ray of hope for her followers.
The advocates of decentralized technology can now breathe a sigh of relief. These modern technologies will be safe in the hands of Kamala Harris if she wins the upcoming presidential elections.
The shift in Harris’s campaign goals is viewed as a positive sign. Earlier, she was silent about her stance on cryptocurrencies and related technology.
However, at a recent Wall Street fundraiser in Manhattan, she announced that AI and crypto were part of her vision for an “opportunity economy”. We can understand that she is committed to encouraging innovation while protecting the rights of consumers and investors.
Kamala Harris’s Economic Plan
In an 80-page-long economic plan released on September 25, Kamala Harris reiterated her commitment to creating a safe and welcoming business environment for cryptocurrency and blockchain technology adoption.
Analysts suggest that the outcome of this edition of the American presidential election could have mixed implications for the crypto sector.
While Harris and Trump are seen as potentially bullish actors for the adoption of Bitcoin and other cryptocurrencies, the structural issues regarding Bitcoin adoption may surface more prominently if Harris wins the election.
The analysts are also hopeful that both administrations would maintain or increase fiscal spending on crypto adoption, potentially leading to further quantitative easing.
Kamala Harris’s economic plan also envisions not letting China overtake America in terms of technology adoption. She wants to make sure that America leads the world in the 21st century in all realms.
The Implications of Harris’s Announcement
Rest assured, Kamala Harris’s rule will never be as stifling for crypto enthusiasts as that of her predecessor Joe Biden. While Kamala Harris has not openly criticized Joe Biden’s administration, she is expected to have a soft corner towards the adoption of a blockchain economy.
Harris’s major opponent and former president Donald Trump has jumped with wholehearted enthusiasm into the crypto realm—to the extent that he is now launching his decentralized finance (DeFi) platform—it remained unclear whether Harris would maintain Biden’s crypto-hostile stance or attempt to deviate in her stand. With this major announcement, the second scenario is likely to happen.
Another point to note is that even though Kamala Harris has eased her stance, she has not elaborately explained her plans for crypto adoption.
This can be seen as an attempt to not openly criticize the theories of her predecessor Joe Biden while following a different path.
How will Kamala Harris’s one-liner about her encouragement for innovative technologies like AI and digital assets affect the outcome of the upcoming US elections? Till now, Donald Trump has scored points through his loud support for decentralized technology adoption.
Now that Kamala Harris has also hinted at taking a similar stand, American crypto enthusiasts will now have the luxury of selecting their future president from the two candidates earlier, many crypto users had decided to settle with Donald Trump as their choice, but now they can consider voting for Kamala Harris too.
Conclusion
The American adult population has a significant percentage of crypto users. That is why crypto adoption is such a significant topic in the context of the US presidential elections.
The Americans want the country to remain the leader in cryptocurrency innovation and do not want to let China take over global supremacy in this field.
Trump’s campaigns were pleasing to the American citizens who harbored this line of thought. Even though a bit late in announcing their stand, Kamala Harris has also understood the general pulse of the citizens.
However, she is more tactical in her stance so as not to upset the general sentiments of the Democrats.
The outcome of these campaigns and the candidate’s commitment to their stance will materialize after the election results come in and they start their actual reign.
