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- Democrats come out for crypto 🏛️
Democrats come out for crypto 🏛️
Sen. Chuck Schumer (D-NY) vows to pass crypto legislation by the end of the year at Crypto4Harris town hall.
Stephen Graves
August 15, 2024
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📝 What you need to know
A virtual town hall saw Democrats hoping to shift the political narrative around crypto, with Sen. Chuck Schumer (D-NY) vowing to pass crypto legislation by the end of the year.
It comes as Circle CEO Jeremy Allaire revealed that Harris’ presidential campaign is making a “concerted effort” to reach out to the crypto industry, though Harris herself has made no statement on Bitcoin or other cryptocurrencies.
On the other side of the political aisle, the Trump family appears to be gearing up for a “huge” crypto announcement, with Eric Trump teasing a move into “digital real estate.”
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💬 Quote of the Day
“The narrative around stablecoins as digital payment systems has vastly changed over the last 24 months. It was a vilified asset, and now all of a sudden people are starting to see the merit of being able to transfer at a very low cost.”
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