Community reacts when Democrats fail to mention crypto legislative policy

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

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

Harris policy does not mention Crypto

This morning, Vice President Kamala Harris released her official policy statement. Despite speculation that he might take a pro-crypto stance, his priorities focused on issues such as artificial intelligence (AI) and notably failed to acknowledge the digital asset industry.

Alexander Grieve, VP of Government Affairs at Paradigm, noted this in a September 9 post on X, stating, “Vice President Harris just released her official policy priorities. AI mentioned, but again, no crypto.”

In a follow-up post 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 shown nothing positive.

Chuck Schumer is facing a 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 outlined key areas of focus for the Senate in the coming months, including rail safety, insulin pricing and artificial intelligence, not to mention crypto . Fox News reporter Eleanor Terrett pointed this out to X, where she said the following:

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

This is especially notable given his previous remarks 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 could not afford to “sit on the sidelines” and risk losing digital asset innovation to other countries, and expressed confidence that such legislation could be passed with a balanced approach that fosters development while reasonable regulatory guidelines would apply.

The Democrats’ lack of follow-through has drawn criticism within the community. One X user commented: “Anyone who thinks Kamala is crypto friendly deserves to remain poor. She literally hasn’t said a word.” Another noted that they “only pay lip service.”

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