- Senator Chuck Schumer left out crypto in a letter addressed to his colleagues.
- The lawmaker’s letter focused on AI regulation but missed cryptocurrencies.
- Harris’ chances of winning the US race has dropped to 46%.
Kamala Harris, the Democratic candidate for the 2024 U.S. presidential election, has deprioritized crypto regulation, leading to Donald Trump’s surge on Polymarket, where he now leads with 52%, compared to Harris’ 47%.
Read also: Top CEOs Endorse Kamala Harris as Campaign Opens to Crypto Donations
As noted by Fox Business journalist Eleanor Terrett on X (formerly Twitter), Senate Majority Leader Chuck Schumer sent a letter to his colleagues detailing the legislative focus for the final months of Congress. While artificial intelligence was included, regulating the digital asset sector was noticeably absent, leading to Trump’s lead on Polymarket.
Regulating the digital asset sector was not included, though artificial intelligence (AI) was highlighted. Schumer emphasized that in the remaining month of Congress, the focus will shift to key areas such as healthcare funding, infrastructure, and border security. Schumer stated:
“There are still opportunities for bipartisan cooperation on NDAA, rail safety, lowering the cost of insulin and prescription drugs, and artificial intelligence, among others.”
It seems the Senate Majority Leader overlooked his earlier statement during the “Crypto for Harris” town hall meeting, where he asserted that lawmakers will no longer sit on the sidelines on the topic of cryptocurrencies and will seek to regulate the digital asset sector, noting that “if we get nothing done, extremists win.”
Crypto Community Remains Divided
The crypto community called out Harris for her ambiguous views on digital assets, with one user stating that those who believe that the US VP is a supporter of cryptocurrencies are being fooled. On the other hand, another crypto enthusiast explained that the absence of crypto from Schumer’s letter doesn’t necessarily mean that digital assets aren’t in the focus of Congress for this fall.
The X user “Gronky.eth” highlighted that both the House and Senate have been discussing crypto taxation, central bank digital currencies (CBDCs), and stablecoins in an effort to regulate the booming sector and prevent business from leaving the US soil.
It is important to note that as per Polymarket, Trump has a 52% chance of winning the upcoming elections while Harris stands at 46%. Trump remains the favorite candidate for the crypto sector.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
