US Crypto Legislation Out Of Kamala Harris Policy, Trump Takes Lead

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As a seasoned researcher with a keen interest in politics and technology, I find myself intrigued by the current state of US crypto legislation. The recent turn of events involving key figures like Kamala Harris and Chuck Schumer has left me somewhat perplexed.

Although the Crypto4Harris campaign is working hard to enhance Kamala Harris’s reputation in the cryptocurrency sector, the Vice President has maintained a stance of not offering any endorsement. In her recent statements regarding policy decisions, there’s no indication of crypto whatsoever. Conversely, Senator Chuck Schumer, who previously pledged US legislation for crypto by the end of the year, appears to have reneged on his promise.

US Crypto Legislation Take BackSeat

Eleanor Terret from Fox Business announced that Senator Chuck Schumer, who initially pledged to introduce U.S. cryptocurrency regulation by the end of the year, has now seemed to change his stance. In a letter he wrote to fellow Senators, Senator Schumer fails to include crypto legislation among their top priorities for passing bipartisan bills during the remaining Congressional months.

At a Crypto Townhall Meeting in mid-August for Harris, Chuck Schumer emphasized that it’s crucial not to remain idle, as this could result in cryptocurrencies moving to countries with minimal or no regulations. If we fail to act, those with radical agendas would ultimately prevail.

Additionally, he expressed his firm plans to introduce cryptocurrency regulation in the United States before the end of the year. However, it appears that Senator Schumer is now moving away from his initial commitments, as indicated by his recent correspondence. According to journalist Terret, the emphasis in his letter has been shifted towards the topic of artificial intelligence instead.

In a recent correspondence with fellow Senators, Senator Schumer outlined key areas for bi-partisan lawmaking during the rest of this congressional term. While cryptocurrency regulations were omitted, he emphasized the importance of addressing artificial intelligence.

This, despite his adamance in the…

— Eleanor Terrett (@EleanorTerrett) September 8, 2024

Kamala Harris Policy Doesn’t Have Crypto

Following Donald Trump’s aggressive advocacy for pro-cryptocurrency policies during his presidential campaign, Kamala Harris’ team has been actively engaging with the cryptocurrency sector. Notably, pro-crypto Democrats such as billionaire Mark Cuban are involved in the Crypto4Harris movement. Remarkably, Chris Larsen, co-founder of Ripple, and 88 other executives have also endorsed Harris. Yet, it appears that Harris has yet to incorporate cryptocurrency into her policy considerations.

It’s worth noting that Kamala Harris is still accepting cryptocurrency donations through Coinbase, as reported by CoinGape last week. However, a well-known crypto attorney named MetaLawMan has pointed out that there seems to be no reference to digital assets, cryptocurrencies, or blockchain technology on Harris’ official campaign website. “There is absolutely no mention of digital assets, crypto, or blockchain technology anywhere,” he stated.

BREAKING. Kamala Harris has just posted her policy positions on her website.

There is no mention of digital assets, crypto or blockchain technology anywhere.

So, now we know.

— MetaLawMan (@MetaLawMan) September 9, 2024

MetaLawMan stated that he’s not surprised at all with the current developments and that he doesn’t expect anything better from the Harris team on crypto.

From my perspective as a crypto investor, it seems that, according to a recent New York Times report, Harris appears to be lagging behind Donald Trump in the latest significant nonpartisan national poll.

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2024-09-09 07:56