Recent policy updates from Vice President Kamala Harris reveal a notable absence of focus on cryptocurrency legislation, coinciding with a decline in her popularity according to recent polls. Despite previously accepting crypto donations, Harris has not included crypto-related issues in her latest policy decisions, while former President Donald Trump has intensified his efforts to engage with the crypto industry.
Senator Chuck Schumer’s Shift in Crypto Legislation Priorities
New York Senator Chuck Schumer, who had initially pledged to prioritize US crypto legislation by the end of the year, has recently retracted his commitment. According to Fox Business Journalist Eleanor Terret, Schumer’s latest correspondence with Senate colleagues omits any mention of crypto legislation, shifting focus instead toward artificial intelligence.
In August, Schumer had emphasized the urgency of crypto regulation to prevent the industry from relocating to countries with lax regulatory frameworks. His backtracking marks a significant shift from his earlier stance, raising concerns among crypto advocates about the future of US crypto policy.
Kamala Harris’s Crypto Policy Stance
Despite efforts by the Crypto4Harris campaign to bolster her image within the crypto community, Vice President Harris has not incorporated crypto into her policy agenda. Notably, pro-crypto figures such as billionaire Mark Cuban and Ripple co-founder Chris Larsen, along with other industry executives, have supported Harris. Yet, Harris’s campaign remains silent on cryptocurrency issues.
Harris continues to accept crypto donations through Coinbase, according to CoinGape, but her official campaign website lacks any reference to digital assets or blockchain technology. Crypto lawyer MetaLawMan criticized the lack of crypto-related content on Harris’s platform, suggesting that this omission is consistent with the campaign’s overall approach to crypto issues.
Trump’s Growing Influence and Harris’s Poll Decline
Amid these developments, former President Trump has actively pursued crypto-friendly policies, contrasting with Harris’s apparent disengagement. According to a New York Times report, Harris is losing ground to Trump in recent nonpartisan national surveys, reflecting a shift in public and political focus.
As the debate over US crypto legislation continues, the absence of crypto from Harris’s policy platform and Schumer’s revised priorities signal potential challenges for the advancement of cryptocurrency regulation in the US.
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