Akiba
@akiba
ICYMI: Democrats new crypto policy plan for 2024 Regulatory Clarity: Schumer and Democrats stress the need for clear, bipartisan crypto regulations, aiming for a comprehensive bill by year-end. Preventing Industry Migration: Schumer warns that lack of regulation could drive the crypto industry overseas, emphasizing U.S. leadership. State Innovations: Governor Polis highlights adoption of crypto in state services, reflecting broader Democratic innovation efforts. Consumer Protection: Stabenow and others focus on balancing consumer protection with blockchain innovation, supported by the CFTC. Economic Growth: Lawmakers emphasize crypto’s potential for job creation and economic growth, advocating to keep innovation in the U.S. Financial Access: Democrats highlight the need to democratize financial opportunities through crypto, focusing on equity. Leadership Role: Schumer and Harris are positioned to lead on meaningful crypto legislation.
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Emadalmoalmi
@emadalmoalmi
Good
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Akiba
@akiba
Exactly - pressure from the party (which is massively pro crypto btw) can hopefully reduce the power of Warren’s influence
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