Community Reacts as Democrats Fail to Mention Legislative Crypto Policy

Sections of the crypto community are accusing Democratic leaders of paying lip service to the sector while providing no real support.

This follows Kamala Harris’s policy priorities, which omitted cryptocurrency, and Chuck Schumer’s letter to senators outlining key bipartisan legislation that also excluded it.

Harris policy doesn’t mention crypto

This morning, Vice President Kamala Harris released her official policy statement. Despite speculation that she could adopt a pro-crypto stance, its priorities centered on topics such as artificial intelligence (AI) and notably did not recognize the digital assets industry.

Alexander Grieve, vice president of government affairs at Paradigm, highlighted this in a September 9 statement. job on X, stating: “Vice President Harris just released her official policy priorities. The AI ​​mentioned – but again, no crypto.

In a follow-up article referencing a line from Harris’ statement about “other cutting-edge industries of the future,” Grieve noted that some might argue that this is a placeholder for crypto.

However, he added that it is difficult to “continue to support” an industry when the current administration, of which Harris is a part, has not shown anything positive.

Chuck Schumer faces backlash

Senate Majority Leader Chuck Schumer is also facing criticism for not including digital assets in his latest bipartisan legislative agenda. In a recent “Dear Colleague” letter, Schumer describe the Senate’s main areas of focus in the coming months, including rail safety, insulin pricing and AI, without also mentioning crypto. Fox News reporter Eleanor Terrett highlighted this on X, where she said the following:

Senator Schumer sent a letter to his Senate colleagues outlining priorities for passing bipartisan legislation during the remaining months of Congress. Cryptocurrency legislation was not mentioned, but artificial intelligence was.

This is especially notable given his previous statements at the “Crypto4Harris” town hall, an event aimed at garnering community support ahead of the November election. During the event, the senator spoke about the importance of passing bipartisan crypto legislation by the end of 2024.

He argued that the United States cannot afford to “stand on the sidelines” and risk losing digital asset innovation to other countries, expressing confidence that such legislation could be passed with a balanced approach that would encourage development while implementing reasonable regulatory guidelines.

The lack of follow-through from Democrats has sparked criticism within the community. One user in X commented“Anyone who thinks Kamala is pro-crypto deserves to stay poor. She literally didn’t say a word about it. Another note that they “only pay lip service”.