Senator Chuck Schumer advocated for crypto innovation at the Crypto4Harris campaign on August 14.
The Democratic party aims to ‘reset’ its crypto stance in the coming months.
The US political landscape has taken an intriguing crypto approach this election term. Amid former president Donald Trump’s persistent support for the sector, in an interesting turn of events the Democratic party has expressed interest to “reset” its crypto approach. On August 14, Vice President Kamala Harris held a meeting in Town hall advocating her Crypto4Harris campaign.
The event witnessed several senators discussing crypto-supportive laws and other ventures. Notably, Senator and Majority Leader, Chuck Schumer delivered an address discussing the US’s position within the sector. He highlighted the need for the nation to be a leader within the cryptocurrency market and ideated for a government that would be accommodative of this innovation.
Chuck Schumer stated at the Crypto4Harris event:
“We cannot afford to continue to sit on the sidelines because then we risk crypto going overseas to lowest common denominator countries where there will be no regulation at all.”
Additionally, he also stated that it is his goal to pass bipartisan pro-crypto legislation by year-end if Kamala Harris becomes president. Chuck Schumer also said that he plans to bring in members from both sides of the ‘aisle’ to initiate the momentum and sustain the USA’s place as the most innovative nation in the world.
Meanwhile, the Crypto4Harris event witnessed several senators discussing crypto’s growth and their plans to enhance regulations in the Kamala Harris regime. One particular Democrat Congressman, Wiley Nickel also advocated his support for crypto.
What to Expect from Kamala Harris’s Crypto “Reset”?
In the past few weeks, following Biden’s stepping out the Democratic party has begun reforming its crypto stance. Subsequently, Kamala Harris announced the aforementioned crypto campaign catching the crypto sector’s attention.
Meanwhile, there have resided within the crypto community speculations about the vice president’s crypto stance. While some members believe in the Democrat party to advocate for crypto, others are skeptical about the leader’s shift toward digital assets.
On the other hand, Donald Trump has taken a strong suit for the sector stating that he would end Biden’s war with crypto and fire the US regulator SEC’s chair, Gary Gensler.
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