US Crypto Legislation Missing from Harris’ Policy as Trump Takes Crypto Lead

The post US Crypto Legislation Missing from Harris’ Policy as Trump Takes Crypto Lead appeared first on Coinpedia Fintech News

After President Biden decided not to run in the 2024 presidential race, Vice President Kamala Harris emerged as the presumptive Democratic nominee. In response, a new group called Crypto4Harris is working to gain support for Harris from the cryptocurrency community, as former President Trump positions himself as a “crypto candidate.”

However, Harris has remained quiet on crypto-related issues, and her recent policy announcements did not mention the sector.

Shifts Focus from Crypto to AI

Earlier Crypto4Harris hosted its first virtual event to back Harris’ campaign and urge her to stop the Biden administration’s strict approach toward the cryptocurrency industry. 

While Harris did not attend the event, several Democratic leaders, including Senate Majority Leader Chuck Schumer, reassured participants during the virtual town hall that Harris would push for crypto-friendly regulations.

Perhaps Senate Majority Leader Chuck Schumer recently sent a letter to his Senate colleagues, outlining his top priorities for the remaining months of Congress. Schumer shifted his attention to artificial intelligence (AI), marking it a top priority for bipartisan legislation.

Surprisingly, cryptocurrency legislation was not included in the list, even though Schumer had previously said it would be a key issue. This change has sparked concerns among those in the crypto space who were hoping for more regulatory clarity

Crypto Community Still Backing Kamala

Despite her silence on crypto, many in the crypto community, including Ripple co-founder Chris Larsen and 88 other executives, are showing support for Kamala Harris. However, the Vice President has yet to include crypto in her policy decisions.

While Coinpedia News recently reports that Fortune magazine claims Harris is accepting crypto donations through Coinbase, a closer look at her official donation channels reveals no such option.

Trump’s Clear Crypto Stance

Former President Donald Trump has reiterated his plan to make the U.S. a leader in cryptocurrency if re-elected. In a recent speech at the Economic Club of New York, he briefly mentioned digital assets, promising to support future industries like crypto and Bitcoin. He also introduced a new project called World Liberty Financial.

Meanwhile, the upcoming debate between Trump and Kamala Harris on September 10 is generating excitement in the crypto market. The betting platform Polymarket currently gives Trump a 52% chance of winning, compared to 47% for Harris.