Democratic Party Platform Fails to Address Crypto
Despite promises of a crypto ‘reset’ from the Harris-Walz 2024 presidential campaign and senior Democratic officials, the 2024 Democratic Party Platform released on August 19 did not mention cryptocurrencies or digital asset policy. The 91-page document covers a wide range of topics, including “corporate greed,” housing, education, U.S. foreign policy, and global power dynamics.
- No Mention of Cryptocurrencies in the Democratic Party Platform
- Focus on Cost-Cutting and Government Spending
- Lack of Solutions to Rising Costs and Growing National Debt
Commitment to Pro-Crypto Legislation
Democratic Senator Chuck Schumer, during a Crypto4Harris Town Hall meeting on August 14, pledged his commitment to advancing bipartisan pro-crypto legislation by the end of the year. He emphasized the importance of cryptocurrency in the global financial system and the need for the U.S. to create a regulatory environment that fosters innovation while protecting users.
- Senator Schumer Advocates for Pro-Crypto Legislation
- Importance of U.S. Engagement with the Crypto Industry
- Emphasis on Bipartisan Collaboration for Technological Innovation
Crypto Advocacy in Political Circles
At the same event, other political figures like Democrat Congressman Wiley Nickel and Senator Debbie Stabenow also voiced their support for the crypto industry. They highlighted the importance of regulating crypto assets to protect consumers, encourage innovation, and ensure national security.
- Political Support for the Crypto Industry
- Regulatory Framework to Protect Consumers and Promote Innovation
- Advocacy for Regulating Crypto Assets as Commodities
Hot Take: Uncertainty Surrounds Harris’s Stance on Cryptocurrency
As Vice President Harris has yet to clarify her position on cryptocurrency, there is uncertainty about whether she will continue the Biden administration’s cautious approach. The Crypto4Harris group is actively working to influence her campaign to adopt a more favorable view of cryptocurrency, emphasizing its importance in the global financial landscape.
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