Kamala Harris Pledges US Dominance in Blockchain & AI Technology

Kelvin Munene Murithi
September 26, 2024
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Kamala Harris Finally Affirms Support For Crypto, But There Is A Twist

Highlights

  • Kamala Harris pledges U.S. dominance in AI, blockchain, and quantum tech to ensure global competitiveness.
  • Mark Cuban endorses Harris, signaling potential shake-up at SEC and boosting growth in digital asset regulation.
  • Congressman Ro Khanna backs Harris’ pro-crypto stance, calling Bitcoin the "modern version of gold" for young investors.

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.

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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.

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.

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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.

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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.

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

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.