Kamala Harris wants the US to take the lead in blockchain innovation.
Kamala Harris recently made the public statement in support of safeguarding cryptocurrency.
This emphasize her desire for the United States to "remain dominant" in blockchain, artificial intelligence, and other emerging technologies.
“We will invest in biomanufacturing and aerospace, maintain our leadership in AI, quantum computing, blockchain, and other breakthrough technologies, and extend our lead in clean energy innovation and manufacturing,” Harris stated during her Sept. 25 address at The Economic Club of Pittsburgh.
“The next generation of innovations — from advanced batteries to geothermal energy and advanced nuclear technology — must be both invented and produced here in America by American workers,” she added.
Unlike her Republican opponent, Donald Trump — who has become a vocal supporter of cryptocurrencies — Harris remained relatively silent until Sept. 22, when she endorsed the advancement of technologies, including “digital assets,” while emphasizing consumer protections in a speech at a fundraising event.
Harris briefly reiterated her stance on crypto in an 82-page economic plan released alongside her Pittsburgh speech.
The plan mentions “digital assets” in a single sentence, stating her administration would “promote innovative technologies like AI and digital assets while ensuring consumer and investor protection.”
During her speech, Harris also underscored the importance of the US maintaining its technological advantage over rival nations, asserting that the country must “lead the world in future industries and ensure that America, not China, wins the competition for the 21st century.”
Analysts have projected mixed outcomes for the cryptocurrency sector depending on the election results.
In a research note from Sept. 19, VanEck analysts speculated that a Harris victory might be "more favorable" for Bitcoin than a second term for Trump, as it could accelerate the structural challenges that drive Bitcoin adoption. However, they also noted that another Trump presidency would likely be "bullish" for the crypto industry due to his pro-deregulation stance, which could foster industry growth in the US.
“Regardless of the election's outcome, the trend of rising fiscal deficits and national debt is expected to persist, which suggests a weaker US dollar — an economic scenario in which Bitcoin has historically performed well,” the VanEck analysts concluded.
In a separate investment note from Sept. 9, Bernstein analysts predicted a Trump victory could push Bitcoin prices to as high as $90,000 by year’s end, while a Harris win could see Bitcoin drop to as low as $30,000.
As of Sept. 25, national polls showed Harris and Trump in a virtual tie, with Harris leading by just 2.5 percentage points.
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