Gushiken Yona
Standing before a captivated audience at The Economic Club of Pittsburgh, Vice President Kamala Harris unveils a sweeping vision to restore America’s preeminence in blockchain, AI and technologies. In a departure from her previous campaign rhetoric, Harris pledges that under her leadership, the United States will “recommit” to global dominance in these transformative sectors.
In a recent speech, the Democratic presidential nominee, declared, “I will recommit the nation to global leadership in the sectors that will define the next century. We will invest in biomanufacturing and aerospace, remain dominant in AI and quantum computing, blockchain, and other emerging technologies.” These words marked a significant shift in her campaign messaging, moving beyond traditional economic talking points to embrace the disruptive potential of technologies like blockchain.
This shift in focus reflected a growing awareness of the immense economic and social implications of technologies like blockchain, which are rapidly reshaping industries and challenging the status quo. Harris’s pronouncements also highlighted a stark contrast in approach between the Democratic and Republican campaigns. While Republican nominee Donald Trump had actively courted the crypto industry, engaging with it directly, Harris chose a more cautious, but arguably more impactful, path.
Her emphasis on establishing a “safe business environment with consistent and transparent rules of the road” for emerging technologies like blockchain suggested a more nuanced approach, seeking to foster innovation while simultaneously prioritizing consumer protection and investor confidence. This contrasted with Trump’s seemingly more hands-off approach, which had been met with both praise and criticism from the crypto community.
🚀 Vice President #KamalaHarris reaffirms her dedication to advancing cutting-edge technologies in the U.S., including #AI , #Blockchain , and quantum computing. Together, we’re building a future of innovation and leadership! 🇺🇸🔗🤖 #TechLeadership #Innovation #Harris2024 pic.twitter.com/w8P5AGSXku
— Yona Gushiken (@yonashib) September 26, 2024
The implications of Harris’s pronouncements for the future of blockchain are profound. Her commitment to U.S. dominance in this sector signaled a potential shift in policy, one that could significantly impact the development and adoption of this transformative technology.
Whether her approach would resonate with the crypto and blockchain industry, known for its rebellious spirit and suspicion of traditional power structures, remained to be seen. However, one thing was clear: the race for the future of technology had become a central battleground in the 2024 election.
Harris’s recent pronouncement followed her first on-the-record mention of cryptocurrency as the Democratic Party’s nominee for president. At a Wall Street fundraiser in Manhattan last Sunday, Harris said she would “encourage innovative technologies like A.I. and digital assets while protecting our consumers and investors.”
But many crypto entrepreneurs and investors said they were unconvinced. They remain wary of her commitment to the industry, particularly in light of the Biden administration‘s proposed excise tax on Bitcoin mining, which they perceive as a sign of regulatory hostility.
The race for the future of technology and cryptocurrency has become a central battleground in the 2024 U.S. presidential election. Whether Harris’s words translate into meaningful action, and whether they can win over the wary crypto community, remains to be seen.
Read More
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- Experts Debunk Viral Claim of Kamala Harris Endorsing Biden’s Capital Gains Tax
Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
