{"id":283876,"date":"2024-07-22T12:51:55","date_gmt":"2024-07-22T12:51:55","guid":{"rendered":"https:\/\/www.techopedia.com\/?post_type=news&#038;p=283876"},"modified":"2024-07-22T13:26:33","modified_gmt":"2024-07-22T13:26:33","slug":"how-kamala-harris-could-shape-the-future-of-tech-regulation-ai-and-crypto","status":"publish","type":"news","link":"https:\/\/www.techopedia.com\/news\/how-kamala-harris-could-shape-the-future-of-tech-regulation-ai-and-crypto","title":{"rendered":"How Kamala Harris Could Shape the Future of Tech Regulation, AI and Crypto"},"content":{"rendered":"<p><b>Kamala Harris&#8217;s potential presidency could reshape tech, <\/b><a href=\"https:\/\/www.techopedia.com\/definition\/190\/artificial-intelligence-ai\"><b>AI<\/b><\/a><b>, and crypto regulations, balancing innovation and oversight. Explore her nuanced stance.<\/b><\/p>\n<p><span style=\"font-weight: 400\">As Vice President Kamala Harris steps into the spotlight as a <\/span><a href=\"https:\/\/www.techopedia.com\/gambling-guides\/how-to-bet-on-presidential-election\"><span style=\"font-weight: 400\">potential Democratic presidential nominee<\/span><\/a><span style=\"font-weight: 400\">, her positions on tech regulation, AI, and cryptocurrency are under intense scrutiny.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With a mixed track record of support and criticism from <\/span><a href=\"https:\/\/www.techopedia.com\/definition\/565\/silicon-valley\"><span style=\"font-weight: 400\">Silicon Valley<\/span><\/a><span style=\"font-weight: 400\">, Harris&#8217;s future policies could redefine the landscape of digital innovation and regulation in America.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">What does her nuanced stance mean for the tech industry\u2019s future?<\/span><\/p>\n<h2><span id=\"harriss_tech_regulation_stance\">Harris\u2019s Tech Regulation Stance<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Vice President Kamala Harris has received mixed reactions from the tech industry regarding her regulatory actions. Her efforts to address privacy and consumer protection have been both praised and criticized, showing the complexity of her stance on tech regulation.<\/span><\/p>\n<p><b>Criticism and Support<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Background:<\/b><span style=\"font-weight: 400\"> Harris has a long relationship with the tech industry, dating back to her time as <\/span><a href=\"https:\/\/oag.ca.gov\/history\/32harris\" target=\"_blank\"><span style=\"font-weight: 400\">San Francisco\u2019s district attorney and California\u2019s attorney general.<\/span><\/a><span style=\"font-weight: 400\"> During these times, she gained support from famous venture capitalists like <\/span><a href=\"https:\/\/www.reuters.com\/world\/us\/us-vice-president-harris-views-business-issues-2024-07-21\/\" target=\"_blank\"><span style=\"font-weight: 400\">John Doerr and Ron Conway<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Criticism:<\/b><span style=\"font-weight: 400\"> Some critics say she did not do enough to control the power of tech giants as they grew. Her recent calls for more regulation have caused debate in the industry.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Mixed Reactions:<\/b><span style=\"font-weight: 400\"> Some people see her as an important advocate for consumer protection, while others worry about too much regulation.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">One of Harris\u2019s main focuses has been protecting consumer privacy:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Senate Actions: <\/b><span style=\"font-weight: 400\">As a senator, she questioned major social networks about issues of misinformation and data privacy.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Regulatory Approach: <\/b><span style=\"font-weight: 400\">Unlike some of her peers, such as Elizabeth Warren, who wanted to break up big tech companies like Amazon, Google, and Facebook, Harris has asked for strict regulations to ensure <\/span><a href=\"https:\/\/jacobin.com\/2020\/07\/kamala-harris-joe-biden-vp-big-tech\" target=\"_blank\"><span style=\"font-weight: 400\">consumer data is protected without breaking up these companies<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Philosophy: <\/b><span style=\"font-weight: 400\">She believes that regulation should aim to safeguard privacy and prevent data misuse, which she says is important for keeping consumer trust in technology.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Harris has also not been afraid to criticize tech CEOs.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Accountability: <\/b><span style=\"font-weight: 400\">She has spoken about the need for more accountability and transparency in how these companies operate.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Campaign Stance: <\/b><span style=\"font-weight: 400\">During the 2020 presidential campaign, she stressed the importance of regulating tech firms to stop them from putting profits over user well-being and democratic stability.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Public Reaction: <\/b><span style=\"font-weight: 400\">Her position has resonated with those who think tech companies have too much power and influence, though it has also been criticized by those in the industry who want less government interference.<\/span><\/li>\n<\/ul>\n<h2><span id=\"harriss_views_on_ai\">Harris\u2019s Views on AI<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Vice President Kamala Harris has clear views on AI, focusing on balancing public safety and innovation. She believes AI regulation should not stop technological progress but must ensure safety. Harris thinks it&#8217;s possible to protect the public while encouraging innovation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Harris backs <\/span><a href=\"https:\/\/www.techopedia.com\/white-house-executive-order-ai\"><span style=\"font-weight: 400\">President Biden\u2019s executive orders on AI regulation<\/span><\/a><span style=\"font-weight: 400\">, which ask companies to follow new standards for AI development:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Voluntary Commitments: <\/b><span style=\"font-weight: 400\">She describes these voluntary commitments as a first step towards a safer AI future.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Need for Oversight: <\/b><span style=\"font-weight: 400\">Harris believes that without strong government oversight, tech companies might put profit before the public\u2019s well-being.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Tech leaders like Marc Andreessen and Ben Horowitz worry that too much regulation might stop innovation, which is <\/span><a href=\"https:\/\/www.cnbc.com\/2024\/07\/16\/andreessen-horowitz-founders-plan-to-donate-to-pro-trump-pacs.html\" target=\"_blank\"><span style=\"font-weight: 400\">why they\u2019re backing Trump<\/span><\/a><span style=\"font-weight: 400\">. They are concerned that the Biden Administration\u2019s approach could limit AI&#8217;s potential.<\/span><\/p>\n<h2><span id=\"harriss_stance_on_cryptocurrency\">Harris\u2019s Stance on Cryptocurrency<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Harris has not shown a clear stance on digital currencies, blockchain, or NFTs. Unlike some politicians who have strong opinions either for or against these technologies, Harris has stayed mostly silent. This lack of clarity makes it hard to predict how she might influence cryptocurrency policy if she becomes President.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Under President Biden, the administration has taken <\/span><a href=\"https:\/\/www.techopedia.com\/sec-approval-of-spot-ethereum-etfs-why-it-matters\"><span style=\"font-weight: 400\">steps to regulate the cryptocurrency market<\/span><\/a><span style=\"font-weight: 400\">. If Harris were to continue Biden\u2019s policies, it could mean keeping the current regulatory framework. This includes efforts to prevent fraud, protect investors, and make sure that digital assets are not used for illegal activities. Harris\u2019s potential continuation of these policies suggests she might support a cautious and controlled approach to cryptocurrency regulation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In fact, despite her connections to Silicon Valley, Harris and her husband do not hold any digital assets, as shown in their <\/span><a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/05\/15\/the-president-and-vice-president-release-their-financial-disclosure-reports-disclosing-their-personal-financial-interests-4\/\" target=\"_blank\"><span style=\"font-weight: 400\">financial disclosures<\/span><\/a><span style=\"font-weight: 400\">. This lack of personal investment in cryptocurrencies might suggest a level of skepticism or caution toward these assets. It\u2019s noteworthy because many in Silicon Valley are heavily invested in digital currencies and blockchain technology. This could mean that Harris views digital assets with caution, aligning with a more regulatory-focused stance.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kamala Harris&#8217;s potential presidency could reshape tech, AI, and crypto regulations, balancing innovation and oversight. Explore her nuanced stance. As Vice President Kamala Harris steps into the spotlight as a potential Democratic presidential nominee, her positions on tech regulation, AI, and cryptocurrency are under intense scrutiny.\u00a0 With a mixed track record of support and criticism [&hellip;]<\/p>\n","protected":false},"author":286589,"featured_media":283889,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"news-category":[2137],"class_list":["post-283876","news","type-news","status-publish","format-standard","has-post-thumbnail","hentry","news-category-artificial-intelligence"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Kamala Harris Could Shape the Future of Tech Regulation, AI and Crypto - Techopedia<\/title>\n<meta name=\"description\" content=\"Kamala Harris&#039;s potential presidency could reshape tech, AI, and crypto regulations, balancing innovation and oversight. 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