Key Insights:

• Kamala Harris aims to position the U.S. as a global AI, blockchain, and quantum tech leader to boost economic growth.
• Mark Cuban endorses Harris’s tech vision and advocates for regulatory changes at the SEC to support innovation and digital assets.
• Ro Khanna backs Harris’s pro-crypto stance, likening Bitcoin to gold and calling for balanced regulation to protect investors.

Vice President Kamala Harris has pledged to position the United States as the global leader in emerging technologies, including blockchain, artificial intelligence (AI), and quantum computing. Speaking at The Economic Club of Pittsburgh, Harris emphasized the importance of technological innovation for the country’s economic competitiveness, especially in the face of increasing competition from countries like China.

Commitment to Dominance in Emerging Technologies

During her address, Harris outlined a vision for the U.S. to maintain its leadership in advanced technologies, such as blockchain, AI, and quantum computing. She stressed that these technologies are crucial for the economy’s future and the country’s standing on the global stage. Harris noted that the administration would foster an environment conducive to innovation, with clear regulatory guidelines to support the development of digital assets and other technological advancements.

Harris underscored the need for a balanced approach, promoting growth while ensuring consumer protection. She introduced the concept of an “opportunity economy” where businesses are encouraged to innovate within a framework that safeguards the public. This approach aims to create a favorable business climate, ensuring that the U.S. remains at the forefront of technological progress.

Mark Cuban Backs Harris, Advocates for Change at the SEC

Billionaire entrepreneur Mark Cuban has backed Kamala Harris, praising her stance on innovative technologies and her push for regulatory reform. Cuban noted that Harris opposes the current approach of “regulation through litigation,” which he believes stifles innovation. He suggested that her administration could make significant changes at the Securities and Exchange Commission (SEC), including possibly dismissing its current Chairman, Gary Gensler.

Cuban also expressed interest in playing a leadership role within the SEC if given the opportunity under a Harris administration. He argued that changes in SEC leadership and regulatory practices could contribute to economic growth, potentially driving a notable increase in the U.S. GDP. Cuban’s endorsement signals a potential shift towards a more business-friendly environment for digital assets, which could spur investment and innovation in the sector.

Ro Khanna Supports Pro-Crypto Stance, Compares Bitcoin to Gold

Congressman Ro Khanna has also voiced his support for Harris’s approach to blockchain and digital assets, emphasizing the importance of embracing technological advancements. Khanna described Bitcoin as the “modern version of gold,” particularly appealing to younger investors. He argued that rejecting cryptocurrencies would be akin to resisting other significant technological advancements, such as the internet and smartphones.

Khanna called for a balanced regulatory framework that would enable the growth of digital assets while protecting consumers. He noted that regulation should not hinder innovation but rather provide the guardrails needed to foster a healthy, competitive market. Khanna’s comments reflect a growing recognition among policymakers that blockchain and digital assets are here to stay and could play a crucial role in the U.S. economy.

Harris Unveils Economic Plan Focused on Technology

Harris’s remarks coincided with the release of her detailed economic plan, which includes a strong focus on emerging technologies. The 80-page document outlines strategies to boost industries like AI, blockchain, and quantum computing while maintaining robust regulatory measures to protect consumers and investors. The plan emphasizes the need for a dynamic approach that supports technological growth while addressing potential risks associated with these rapidly evolving sectors.

Harris’s commitment to technology leadership reflects her administration’s broader goals to enhance the nation’s economic competitiveness. By fostering innovation in key areas, Harris aims to ensure that the U.S. remains at the cutting edge of technological advancements, supporting long-term economic growth and job creation.