Harris backs crypto, AI to keep US tech leadership
Key Takeaways
- Kamala Harris has reaffirmed her support for cryptocurrencies and blockchain technologies.
- She promised to keep the US at the forefront of blockchain, artificial intelligence (AI), and other emerging technologies.
- Harris’ crypto strategy came late in the campaign but is gaining increasing support from crypto enthusiasts.
- The US presidential election remains tight, with Harris at 50% and Trump at 49% in the polls.
Harris’ Crypto Move: A Late but Significant Step?
Kamala Harris, the US Vice President and presidential candidate, recently made her stance on cryptocurrencies and blockchain technologies public. In a speech on September 25 at the Economic Club of Pittsburgh, she emphasized the importance of blockchain, artificial intelligence (AI), and other emerging technologies for the future of the United States. She promised that the US would remain a leader in these areas to secure its economic and technological dominance.
Harris stated: “We will invest in biomanufacturing and aerospace, maintain our dominance in AI and quantum computing, blockchain, and other emerging technologies, and expand our leadership in clean energy innovation and production.”
First Mention of Cryptocurrencies in the Campaign
Although Harris only touched on the subject of cryptocurrencies late in the campaign, this wasn’t her first public comment on the matter. As early as September 22, during a fundraising event in New York, she spoke about her administration’s support for AI and digital assets if she were elected president. This announcement marked a turning point in her campaign, showing that she has recognized the growing importance of cryptocurrencies and blockchain technologies.
Support from the Crypto Community
Despite her late entry into the crypto debate, Harris has already gained support from key players in the industry. Anthony Scaramucci, founder of SkyBridge Capital, stated that he and other crypto advocates are working with Harris to shape her stance on digital assets. Scaramucci emphasized: “I believe we are making progress, and I think it’s moving in the right direction.”
Matthew Sigel, an analyst at VanEck, also expressed optimism about Harris’ potential impact on Bitcoin. He argued that a Harris presidency might be more advantageous for Bitcoin than a second term for Donald Trump, as she could accelerate structural issues that would drive Bitcoin adoption.
Current Polls: A Tight Race
With only 39 days left until the US presidential election, the race between Harris and Trump remains extremely close. According to the latest polls from Polymarket, Harris holds a slight lead with 50%, while Trump is at 49%. This dynamic shifted after the first presidential debate, where Harris appeared to gain some ground.
Our Assessment
Kamala Harris’ late pivot to cryptocurrencies and blockchain technologies could prove to be a decisive factor in the campaign. Although she addressed the issue late, her clear support for emerging technologies shows that she recognizes the importance of these sectors for the future of the US. Her growing support from the crypto community could help her win over voters who believe in the future of digital assets. Nevertheless, the race remains tight, and it will be interesting to see how the final weeks before the election unfold.
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