- Crypto has been a point of discourse in the upcoming US election, with Donald Trump embracing the industry and vowing to become the “crypto president”.
- Kamala Harris has followed suit, promising to push the US into becoming “dominant” in evolving industries like blockchain and AI.
- Harris mentioned the Web3 sector in her economic speech in Pittsburgh on Wednesday, marking her first public commentary on cryptocurrency.
- The move comes as several in the crypto community throw their support behind Harris as their preferred candidate, despite Trump’s promises of pro-crypto reform.
As the US electoral race closes in upon its climax, campaign efforts from both Democratic and Republican representatives are ramping up.
We’ve all seen the work of Donald Trump in pushing digital currencies to the forefront of some voters’ minds – and now, Kamala Harris is hitting back. Harris and the Democratic Party have a rocky relationship with the crypto community, with many believing Biden’s presidency has at best ignored, and at worst, stifled, the growth of Web3 in the US.
But Harris is looking to dispel this notion by vowing to make the United States a “dominant” force in the blockchain industry.
Related: Harris Now Reportedly Supports AI, Crypto, Community Has Mixed Feelings
Presidential Candidate Makes First Public Reference to Blockchain
Speaking at The Economic Club of Pittsburgh, candidate Kamala Harris discussed some of her party’s key financial goals if they are to retain power at the next election.
Primarily, Harris wants legislation and funding to hone in on progressive economic sectors that will push global technology into its next era.
We will invest in biomanufacturing and aerospace, remain dominant in AI and quantum computing, blockchain and other emerging technologies…the next generation of breakthroughs…are not just invented, but built here in America by American workers.
Kamala Harris 80-Page Economic Plan Doubles Down on Commitment to Digital Assets
Okay – admittedly, her speech comprised only one word relating to digital assets. However, the significance of this shouldn’t be lost on sceptical onlookers. For starters, this is the first time Harris has publicly acknowledged blockchain as a key economic focus, after the two presidential candidates snubbed the topic during their first debate.
It’s the bigger picture that’s important here, with Harris’ commitment to investing in blockchain tech stretching further back than Wednesday’s speech. Over the past few months, Harris has aligned with pro-crypto lobbyists and has (either in-person or via representatives) listened to the qualms of industry leaders.
Additionally, a near 100-page economic plan on Kamala Harris’ website has also been updated to include an – albeit brief – mention of the crypto sphere.
[Harris will] encourage innovative technologies like AI and digital assets while protecting our consumers and investors.
Harris-Walz Campaign
Fairly, crypto reform isn’t the main topic that either Trump or Harris are running their election campaigns on. However, both parties have demonstrated a willingness to listen and forge homegrown innovation in the industry, something that Biden’s administration has ignored.
No matter the outcome of the November election, most in the crypto community are licking their lips at the prospect of a pro-crypto regime hitting US Parliament.
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