The *crypto4Harris* meeting took place tonight, marking a major step in the efforts of pro-crypto Democrats to convince Vice President Kamala Harris to side with them in supporting the industry. The meeting brought together several lawmakers and members of the Congressional Blockchain Caucus, with the goal of finding consensus and pushing for policies that are favorable to cryptocurrencies in the United States.
One of the highlights of the meeting was a speech by Senator Chuck Schumer, who expressed optimism that Congress could pass legislation supporting cryptocurrencies this year. Schumer emphasized the need to support cryptocurrencies to prevent the industry from moving overseas, reducing America's competitiveness on the international stage. He proposed a balanced regulatory strategy, similar to the approach to artificial intelligence (AI), that encourages innovation while ensuring necessary consumer protections.
Congressman Darren Soto and the Blockchain Congressional Caucus have made several specific recommendations to Vice President Harris. They urge her to support the repeal and reform of the Securities and Exchange Commission (SEC) SAB 121 accounting rule, pass the FIT21 crypto framework bill, and recognize the importance of cryptocurrencies, especially in the payments space.
The group also emphasized that Harris is a “blank slate” when it comes to cryptocurrency policy, unlike President Joe Biden. According to them, Biden’s economic policies are heavily influenced by Senator Elizabeth Warren, who is known for her anti-crypto stance. This presents an opportunity for pro-crypto Democrats, as they could convince Harris of the benefits that cryptocurrencies could bring to the US economy.
