At the Crypto for #HARRIS meeting, lawmakers stressed on introducing clear crypto regulations taking cues from the AI regulations in the #US .
The much-awaited Crypto for Harris town hall meeting finally happened on Wednesday, with pro-Democrat crypto leaders meeting White House officials to discuss a range of issues pertaining to regulations and industry growth. This new network seeks to build a nuanced crypto-policy approach for Kamala Harrisâs Presidential campaign.
Crypto for Harris Campaign Details
The Biden administration has had a pretty hostile approach towards crypto in the last four years which hasnât gone well with the industry players. Besides, the US SEC has had a laidback approach when it comes to introducing clear crypto regulations. Speaking on this matter, Senate Majority Leader Chuck Schumer said:
Additionally, he also slammed anti-crypto Senator Elizabeth Warren adding: âSadly, there are a lot of members in Congress nowadays who built their political brands around creating spectacle and sensationalism instead of putting in the hard work of legislation. Nonetheless, passing legislation this year is absolutely possible, even in these divided times.â
Besides, Schumer also stated that he wants to bring crypto regulations into the US and pass it into law by the end of the year. He also said that the AI regulation will provide a foundation and help crypto reach its full potential. âI think we should strike a balance for crypto between promoting innovation and providing common sense guard rails,â he added
On the other hand, Florida Congressman Darren Soto, along with his colleagues called on Kamala Harris to take three major actions when it comes to crypto.
Kamala Harris Doesnât Walk the Talk
Some of the Democrats are trying to prop up the image of Kamala Harris portraying her separately from Joe Biden with the Crypto for Harris campaign. At yesterdayâs event, some pro-crypto Democrats said that with Kamala Harris âwe have a clean slateâ and âshe wonât be like Bidenâ when it comes to crypto policy.
However, the Vice President hasnât made any personal efforts to reach out to the crypto industry unlike her Republican opponent Donald Trump.
Furthermore, with the US government selling its Bitcoin Holdings, it is clear that Harris doesnât walk the talk when it comes to crypto. Crytpo industry players have been calling our Harris for this saying this is not the âcrypto resetâ that she promised.
