Mark Cuban Foresees Kamala Harris as AI and Crypto Advocate

Billionaire investor Mark Cuban believes Vice President Kamala Harris will be more supportive of artificial intelligence (AI) and cryptocurrency than the current president, Joe Biden.

Cuban suggests that Harris will foster a favourable environment for Bitcoin if she becomes president.

Harris Secures Nomination

Harris has secured the Democratic Party’s nomination for the upcoming presidential election after President Biden stepped down on July 21.

She will face former President Donald Trump, the Republican nominee, who has positioned himself as the “crypto president.”

Cuban's Business Optimism

According to Politico, Cuban anticipates that Harris will be more open to business, AI, and cryptocurrency. Although he did not disclose his sources, he stated:

“Changing the policies changes the message and lets everyone know she is in charge and open, literally, for business.”

Trump and Bitcoin

Trump’s campaign focuses on appealing to American crypto owners, shifting from his previous dismissive stance on Bitcoin to making it a cornerstone of his "America-first" innovation strategy.

Cuban has also highlighted potential benefits for Bitcoin under a Trump presidency. He predicts that tax cuts proposed by Trump could devalue the dollar and boost Bitcoin’s value:

“What will drive the price of BTC is lower tax rates and tariffs, which if history is any guide (and it’s not always), will be inflationary.”

Cuban also notes that Trump's unpredictable geopolitical stance could weaken the dollar, further benefiting Bitcoin.

AI Policy and National Security

The Politico report also discusses Harris's potential impact on AI, an area of contention with China over national security.

Cody Venzke of the American Civil Liberties Union emphasises that Harris’s AI policy must address daily harms and not just "existential" risks.

Harris has been instrumental in drafting Biden’s executive order on the safe and fair use of AI by federal agencies.