As a seasoned analyst with over two decades of experience in the tech and financial industries, I find Vice President Kamala Harris’ stance on digital assets to be a promising development, albeit somewhat vague. My personal journey has taught me that innovation often requires a leap of faith, and Harris seems to understand this.
Lately, Vice President and Democratic nominee Kamala Harris has finally shared her views on the cryptocurrency sector. While some critics find her stance as “unspecific,” certain politicians have expressed optimism towards Bitcoin (BTC) and digital currencies following Harris’s comments.
VP Harris’ Crypto Statement “Encourages” US Congressman
On a Sunday, for the initial time during her campaign tenure, the U.S. Vice President publicly recognized the cryptocurrency sector. In her speech, Harris pledged to strengthen America’s competitive edge and future growth by promoting groundbreaking technologies such as Artificial Intelligence (AI) and digital currencies.
Her remarks initiated a conversation about her potentially unclear position on these matters, as she didn’t provide specifics about how her administration intends to strengthen these industries. Nevertheless, many agreed that her statement represented a promising advancement for the field and a commendable initial move.
Democratic Representative Ro Khanna expressed his positive reaction to Kamala Harris’ statement about cryptocurrency, stating that as a supporter of digital currencies, he found her recent remark heartening, when speaking on Fox Business.
According to Eleanor Terrett’s report, Khanna appears to have proposed that opposing Bitcoin (BTC) or the crypto industry is a futile struggle, much like resisting the widespread adoption of smartphones or computers in the past. He believes that cryptocurrency represents a contemporary form of value storage and requires “intelligent regulation,” an opinion he has expressed before.
Look, you can’t be against Bitcoin or crypto. It’s like saying I’m against the iPhone or I’m against the laptop. It’s just a technology. Yes, we need smart regulation, but it’s a modern store of value in a modern payment system. It’s a modern version of gold for a lot of young people.
IS Harris Stance Burdened By What Has Been?
On Wednesday, Vice President Harris affirmed her recognition of the industry during a speech at The Economic Club of Pittsburgh. As a presidential contender, she pledged to maintain America’s leadership in cutting-edge technologies, specifically mentioning Blockchain technology as one of them.
We plan to put our resources into biotechnology production and aeronautics, while maintaining leadership positions in artificial intelligence, quantum computing, blockchain, and various cutting-edge technological fields.
If she becomes President, Harris pledged that our nation will take the lead in the emerging sectors of tomorrow’s economy, ensuring that America, rather than China, is victorious in the global contest for the 21st century.
On Wednesday, I published my comprehensive economic strategy on my campaign website. This 80-page document touched upon various aspects of the economy, and one area it briefly mentioned was digital assets – echoing the sentiments I expressed during my recent public remarks on the subject last Sunday.
After her recent comments, it appears the community continues to be divided over the U.S. Vice President. Some find her position too unspecific to support, stating it’s “more of the status quo.
People have raised concerns about the phrasing employed by Harris, with many questioning the precise meaning behind expressions like “fostering innovative technology” and noting certain linguistic parallels between her campaign’s language and that used by the Securities and Exchange Commission (SEC) in the past.
As a crypto investor, I’ve noticed that my stance towards Harris has evolved following recent updates on the Super Politician Action Committee’s Stand With Crypto (SWC) website. Initially, she was given a B score for her perceived pro-crypto stance. However, upon further examination and perhaps more critical analysis, SWC decided to remove her score as there seems to be insufficient information available about her views on cryptocurrency at the moment.
As a dedicated crypto investor, I strongly advocate for a comprehensive and transparent standpoint from the front-runner of the presidential race. Interestingly, this candidate is currently favored in the Polymarket prediction market with a 50% likelihood against pro-industry Donald Trump who has a 49% chance of victory.
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2024-09-27 08:12