Under current President Joe Biden, there is a hostile policy towards crypto. Kamala Harris now seems to want to change that. At the Economic Club of Pittsburgh, Harris once again spoke out about the crypto industry.
She indicated that she wants to protect the industry and that America “remains dominant” in blockchain, artificial intelligence and other new technology.
We are going to invest
“We will invest in bio-industry and aerospace, remain dominant in AI and quantum computing, blockchain and other emerging technologies, and grow our lead in innovation and sustainable energy production,” Harris said during a speech on September 25 in Pittsburgh.
“The next generation of breakthroughs – from advanced batteries to geothermal energy to advanced nuclear energy – are not just invented here, but built right here in America by American workers,” she added.
Unlike her competitor Donald Trump, Kamala Harris remained silent about Bitcoin and crypto for a long time. That remained the case until September 22. On that day, she suddenly made a statement encouraging new technology, including digital assets, while also saying consumers deserve better protection.
Crypto is not really important to Harris. In its 82-page economic plan, there is only one reference to digital assets. Along those lines, Harris indicates she will encourage innovative technologies such as AI and digital assets, while protecting America’s consumers and investors.
America must remain in charge
During her speech, Harris indicated how important it is for America to maintain leadership over rival countries. Particularly when it comes to new technology, ensuring that America continues to lead the world in the industries of the future; and to ensure that America, not China, wins the competitive battle for the 21st century.
On September 19, VanEck shared the striking opinion that a Kamala Harris victory might be better for Bitcoin than a second term for Donald Trump. Why? Because it could solve certain structural problems. Problems currently hindering Bitcoin adoption.
However, they added that another term for Trump is “generally bullish” for the crypto ecosystem, due to his stances on deregulation and encouraging industry growth in Ameirka.
“Regardless of the outcome of the elections, the trend of growing budget deficits and rising debt levels will continue. This suggests a weakening of the US dollar and a macroeconomic environment in which Bitcoin has historically performed well,” VanEck analysts said.
Source: https://newsbit.nl/kamala-harris-wil-dat-amerika-dominant-is-in-blockchain/
