Kamala Harris Wants US to Be a Global Blockchain, AI Leader
By Olivier Acuña | TH3FUS3 Chief Editor
September 26, 2024 11:57 AM
Reading time: 2 minutes, 23 seconds
TL;DR Vice President Kamala Harris has vowed to help the U.S. become the world's leading country in blockchain and AI. Congressman Ro Khanna supports her stance, calling Bitcoin the 'modern version of gold' for young investors. Billionaire Mark Cuban also endorses Harris and shows interest in SEC leadership.
Kamala Harris Vows to Lead in Emerging Technologies
Vice President of the United States Kamala Harris has vowed to help the U.S. become the world's leader in 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 future technologies. She mentioned blockchain, AI, quantum tech, and other technologies as domains where the U.S. needs to remain on top.
Kamala 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 country's continued competitiveness, 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.
Harris elaborated on her vision of an 'opportunity economy,' in which America will support innovativeness but remain protective of consumers.
She pointed out that her government would introduce a favorable business environment, clear digital asset development rules, and other possible technologies.
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 of 'regulation through litigation' and mentioned that her administration could possibly fire the current Chairman of the SEC, Gary Gensler.
He said that such a decision could considerably boost economic expansion, dubbing it a potential 'point in GDP growth.' In an interview, Cuban went further and said that if he were offered the position in a Harris administration, he would be interested in heading the SEC.
This endorsement and the interest in leadership indicate that Cuban agrees with Harris's views on technology regulation and the role that technology should play in the modern world.
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 the newest technologies like Artificial Intelligence and Digital Assets.
Khanna stated that opposing Bitcoin and cryptocurrencies would be like opposing 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: digital assets are not a fad, and embracing innovation through regulation will help the United States maintain its position as a global economic leader.
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 robust regulatory frameworks to protect consumers and investors.