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Harris says the United States should become a leader in the blockchain space and reiterates its support for digital assets

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2024-09-26 07:55:14
In a speech at the Economic Club of Pittsburgh on Wednesday, Vice-President Harris said that under her leadership the US would "recommit" to global leadership in areas that will define the next century, "maintaining dominance in artificial intelligence and quantum computing, blockchain and other emerging technologies".
Until last weekend, Harris had been quiet about cryptocurrencies on the campaign trail. At a recent Wall Street fundraiser in Manhattan, Harris said artificial intelligence and cryptocurrencies were part of her vision for an "opportunity economy."
Analysts at VanEck said the outcome of the November election could be mixed for cryptocurrencies. "We believe that while Harris and Trump are bullish on Bitcoin, both have more subtle implications for the broader digital asset market," the analysts wrote earlier this week. "Both administrations are likely to maintain fiscal spending, which could lead to further quantitative easing if not further acceleration - particularly if anti-business policies intensify." They noted that a Harris presidency could be better for Bitcoin because it would "accelerate many of the structural issues driving Bitcoin adoption."