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Now, let’s talk about how AI and blockchain are influencing the 2024 presidential race.

On October 16, 2024, Chris Larsen, the co-founder of Ripple, made headlines. He donated $1 million worth of XRP tokens to the super PAC Future Forward, which supports Kamala Harris. This donation came after Harris expressed her support for AI and digital assets.

In late September, at a Wall Street fundraiser, Vice President Harris aimed directly at the crypto and AI sectors. She stated, “We will partner together to invest in America’s competitiveness and future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”

This approach seems to be effective. CNBC reported on Larsen’s significant contribution to Future Forward, highlighting the positive response to Harris’s tech-forward message.

Benzinga spoke with Charles Dray, the CEO and Founder of Resonance Security. His company uses AI to secure smart contracts and crypto assets. When asked about Harris’s statement, Dray said, “Regardless of who becomes president, they will need to support emerging technologies. The question isn’t if, but how. How will the government implement measures that support technological advancement while limiting misuse?”

Dray also shared concerns about a lack of support from the U.S. Executive Branch. He warned, “Without support, we’ll miss key pieces necessary for technological evolution. This could leave the country scrambling to catch up, as we’ve seen with past technologies like internet coverage.”

AI has already stirred controversy in the 2024 U.S. election. The Associated Press noted that both Democrats and Republicans have used humorous yet fake AI images in their campaigns. However, the Trump campaign took a darker turn, using AI images to falsely claim that Haitian immigrants in Springfield, Ohio, were eating household pets.

Upland SPARKLET/USD, a Play-to-Earn (P2E) GameFi project, recognizes the potential and risks of AI. Dray believes that blockchain could be a solution. He emphasized the need for policies to regulate irresponsible AI use. “When one figure or group is attacked, it often exposes weaknesses in others using similar technologies. This creates a risky situation for many people, making it essential to implement policies,” Dray explained.

He added, “For cybersecurity, policy alone isn’t enough. We need standardized defenses and offensive protections, backed by security experts, to work alongside those policies.”

In conclusion, the political landscape is shifting, and the focus on technology is crucial. Stay informed with insights and alerts from analyst ratings, free reports, and breaking news that affect the stocks you care about.