He Jinli has changed: The United States must strive to maintain its dominance in blockchain and support cryptocurrency innovation

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The U.S. presidential election is about to be held on November 5, and the crypto community is paying close attention to the two candidates' attitudes toward cryptocurrency and related political opinions. Unlike Trump’s frequent speeches, which originally showed a cold attitude toward the encryption industry, he twice spoke in support of the blockchain this week. It seems that something is changing...

He Jinli: The United States should remain a leader in the blockchain field

In a speech at the Economic Club of Pittsburgh on the 26th, Harris said that under her leadership, the United States will recommit itself to serving as a global leader in areas that "define the next century." She mentioned the following areas:

The United States will invest in biomanufacturing and aerospace, maintain leadership in artificial intelligence, quantum computing, blockchain and other emerging technologies, [and] expand our leadership in clean energy innovation and manufacturing.

Harris added that the next generation of breakthroughs — from advanced batteries to geothermal energy to advanced nuclear energy — are not just invented in America, they are built in America by American workers.

Harris supports cryptocurrency innovation

Just on September 22, Harris also made her first public statement supporting the protection of cryptocurrency at a Wall Street fundraising event. She announced that artificial intelligence (AI) and cryptocurrency would be included in her "opportunity economy" vision:

To build an opportunity economy, I will bring together workers, small businesses, founders, innovators and large corporations. We will work together to invest in America's competitiveness, America's competitiveness, and America's future.

We will encourage innovative technologies such as AI and digital assets while protecting consumers and investors. We will create a safe business environment with consistent and transparent rules.

Harris' "opportunity economy" aims to help middle-class families create wealth. She believes that a strong middle class is the cornerstone of American economic prosperity. This stance of encouraging innovative technologies such as AI and digital assets was reiterated in her 82-page economic plan recently released.

Harris said in her economic plan that she would encourage innovative technologies such as AI and digital assets.

VanEck: Harris' victory will be more beneficial to Bitcoin

Last week, VanEck analysts also issued a report stating that Harris’ victory may be more beneficial to Bitcoin because it may “accelerate many of the structural issues that initially drove Bitcoin adoption.” However, they also said that Trump’s victory The right choice is generally good news for the entire cryptocurrency ecosystem, mainly due to his stance on reducing cryptocurrency regulations and promoting the industry's growth in the United States.

Analysts at VanEck concluded that regardless of the outcome of the election, the trend of increasing fiscal deficits and rising national debt is likely to continue, which means that the dollar will lose value and Bitcoin has historically performed well in such general economic environments.

Currently, according to Polymarket data , Harris' election winning rate is 50%, and Trump's winning rate is 49%. The gap between the two parties' winning chances has once again narrowed to 1%.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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