Vice President Kamala Harris continues to bypass cryptocurrency legislation in her policy agenda despite accepting crypto donations. Meanwhile, Donald Trump is gaining support as his pro-crypto stance resonates with voters.
Harris Skips Crypto in Agenda
According to Fox Business Journalist Eleanor Terret, Senator Chuck Schumer of New York has reneged on his earlier pledge to introduce crypto legislation in the United States by the end of the year.
As reported by Coingape, Senator Schumer omits cryptocurrency legislation from their list of top objectives for enacting bipartisan legislation in the remaining months of Congress in his letter to Senate colleagues.
According to Chuck Schumer, who spoke at the Crypto for Harris Townhall Meeting in mid-August, “We cannot afford to continue to sit on the sidelines, because then we risk crypto going overseas to lowest common denominator countries where there’ll be no regulation at all, and if we get nothing done, extremists win.”
Schumer Cites AI as New Priority
In addition, he made it clear that he intends to introduce crypto legislation to the US before the year ends. However, Schumer obviously goes back on his word. The emphasis, according to journalist Terret, moved to AI instead in his letter.
The campaign staff of Democratic presidential candidate Kamala Harris is going to great lengths to court the cryptocurrency business in response to Republican presidential candidate Donald Trump's vocal support for crypto policies.
Ripple Co-Founder Backs Harris Campaign
Even billionaire Mark Cuban and other pro-crypto Democratic backers have been involved in the Crypto4Harris campaign. Chris Larsen, co-founder of Ripple, is one of 88 executives who backed Kamala Harris, which is an interesting development.
However, it appears the VP still doesn't consider cryptocurrency when making policy decisions.
Harris Campaign Criticized for Crypto Silence
Curiously, Kamala Harris is still accepting cryptocurrency donations through the Coinbase network. The crypto lawyer MetaLawMan exposed Harris's deceit by pointing out that her campaign website makes zero references to cryptocurrency or crypto legislation in the United States. "There is no mention of digital assets, crypto, or blockchain technology anywhere," he stated.
According to MetaLawMan, the latest events have not surprised him in the least, and he does not anticipate any improvement in the crypto efforts of the Harris team.