Senate Majority Leader Chuck Schumer Optimistic About Bipartisan Crypto Regulation

Senate Majority Leader Chuck Schumer expressed optimism Wednesday evening about the Senate's ability to pass a bipartisan crypto legislation by the end of the year.

Senate Majority Leader Chuck Schumer (D-NY) expressed optimism Wednesday evening about the Senate's ability to pass a bipartisan crypto legislation by the end of the year.

Speaking at “Crypto4Harris,” a virtual town hall event designed to raise funds for Vice President Kamala Harris' presidential campaign, Schumer highlighted the urgency of bipartisan cooperation in crafting sensible legislation. Underscoring the potential for progress despite political differences, the senator remarked:

“Passing legislation this year is absolutely possible, even in these divided times.”

He also emphasized the importance of maintaining the United States' leadership in innovation, stating: “My goal when it comes to crypto regulation is this: I want to bring members on both sides of the aisle here in the Senate together… so we can pass sensible legislation that helps the United States maintain its status as the most innovative country in the world.”

Schumer's statements were part of a strategic effort by Democrats to reshape their image as pro-crypto, aligning with Harris' campaign. During the event, which included Senators Kristen Gillibrand (D-NY) and Debbie Stabenow (D-MI), Schumer made it clear that the digital asset sector is here to stay, stating:

“Crypto is here to stay no matter what. So Congress must get it right.”

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