Crypto Democrats rally behind Harris campaign in push for policy revamp
digital assets ahead of the November election.
On Wednesday night, the new group Crypto4Harris convened its first virtual gathering to discuss how it can support the Vice President's electoral campaign, while also calling for Harris to end the Biden administration's crackdown on the cryptocurrency industry.
In a sign of how urgently crypto has become an election issue for Democrats, Senate Majority Leader Chuck Schumer appeared and said he wanted to pass a crypto bill this year, without elaborating.
«We cannot afford to continue to sit on the sidelines because then we risk crypto going overseas,» he said.
The group also said it is planning nationwide grassroots fundraisers in September to support Harris.
«The chief goal of everything we're doing is to have a complete reset on crypto and blockchain policy,» Jonathan Padilla, CEO of blockchain company Snickerdoodle Labs and one of the group's organizers told Reuters ahead of the gathering.
Crypto4Harris has begun «early engagement» with the Harris campaign and plans to draw up a list of potential crypto-friendly picks for regulators including the Securities and Exchange Commission (SEC), should Harris win, he added.
The group is not affiliated with the Harris campaign, which has yet to take a stance on cryptocurrencies and declined to comment for this story.
Crypto4Harris is part of a growing effort by Democrats and others in the crypto industry to push nonpartisanship rather than hitch their wagon to Republican nominee Donald Trump, who has courted crypto
