‘Crypto For Harris’ Townhall Meeting: Key Highlights and Issues
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At the ‘Crypto for Harris’ townhall meeting, lawmakers stressed on introducing clear crypto regulations taking cues from the AI regulations in the US. Senate Majority Leader Chuck Schumer said that the US cannot afford to sit on the sidelines on the matter of crypto regulation. Florida Congressman demands Harris to repeal SAB121 and pass the FIT 21 crypto bill. Kamala Harris doesn’t walk the talk when it comes to acting on pro-crypto policies. The much-awaited Crypto for Harris town hall meeting finally happened on Wednesday, with pro-Democrat crypto leaders meeting White House officials to discuss a range of issues pertaining to regulations and industry growth. This new network seeks to build a nuanced crypto-policy approach for Kamala Harris’s Presidential campaign. ‘Crypto for Harris’ Campaign Details The Biden administration has had a pretty hostile approach towards crypto in the last four years which hasn’t gone well with the industry players. Besides, the US SEC has had a laidback approach when it comes to introducing clear crypto regulations. Speaking on this matter, Senate Majority Leader Chuck Schumer said: “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.” Additionally, he also slammed anti-crypto Senator Elizabeth Warren adding: “Sadly, there are a lot of members in Congress nowadays who built their political brands around creating spectacle and sensationalism instead of putting in the hard work of legislation. Nonetheless, passing legislation this year is absolutely possible, even in these divided times.” Besides, Schumer also stated that he wants to bring crypto regulations into the US and pass it into law by the end of the year. He also said that the AI regulation will provide a foundation…
Filed under: News - @ August 16, 2024 6:21 am