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In an attempt to “reset” the relationship of Vice President Kamala Harris with the crypto industry, the “Crypto For Harris” campaign convened a virtual town hall that featured a litany of Democratic heavyweights and tech influencers.  Despite these efforts, the event, which was designed to articulate and promote a potential Harris-led “crypto reset,” largely missed the mark in rallying industry support, according to a FOX Business report. 🚨NEW from me: ‘Crypto For Harris’ town hall fails to sell industry on proposed ‘reset’ I asked for viewer feedback on the @Crypto4Harris town hall and wrote about my findings — the good, the bad and the ugly.https://t.co/Wly7alrgj1 — Eleanor Terrett (@EleanorTerrett) August 16, 2024 The virtual conference, which lasted nearly 90 minutes, was attended by key Democratic figures including Senate Majority Leader Chuck Schumer (D-New York), Senators Debbie Stabenow (D-Michigan) and Kirsten Gillibrand (D-New York), along with California Congressman Adam Schiff.  Mark Cuban, a well-known pro-crypto tech entrepreneur was also in attendance. However, notably absent was Vice President Harris herself, a gap that did not go unnoticed by the participants. Crypto Industry Doesn’t Buy The ‘Reset’ More than 1,000 individuals reportedly streamed the event live, but feedback gathered from X paints a picture of dissatisfaction. Comments primarily centered around the absence of direct communication from Harris regarding her views and policies on crypto. Senate Majority Leader Schumer tried to bridge this gap by advocating for balanced legislation. He emphasized the importance of fostering innovation while instituting “common sense guardrails.”  Schumer warned of the risks of inaction, suggesting that the lack of US regulation could push the industry to relocate to countries with even less oversight.  His remarks were well-intentioned but seemed to fall short of assuaging the attendees’ concerns about the broader Democratic stance on crypto Feedback from industry insiders revealed a…

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Filed under: News - @ August 17, 2024 7:18 pm