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Senate Majority Leader Chuck Schumer (D-N.Y.) said it was “absolutely possible” to pass bipartisan cryptocurrency regulations this year, reassuring cryptocurrency advocates supporting Democratic presidential candidate Kamala Harris.
“I believe Congress has a responsibility to provide sound regulation. “Cryptocurrencies,” Schumer said during the virtual meeting. Crypto4Harris They gathered at City Hall to raise money for Vice President Harris.
He added that his goal is to “pass something in the Senate and become law by the end of the year,” adding that “Washington can’t just turn a blind eye to crypto, stick its head in the sand and do nothing.”
“Cryptocurrencies are here to stay no matter what happens, so Congress needs to get it right,” Schumer said. declared.
Senator Kirsten Gillibrand (D-N.Y.) said a future Harris administration would promote a “balanced approach” to cryptocurrency regulation that ensures innovation and consumer protection. “The United States must be a leader in digital assets.”
Harris has yet to formally state her views, but the growing support for the cryptocurrency industry from senior Democrats suggests she may be moving away from the Biden administration’s hard-line stance on cryptocurrencies.
Cryptocurrencies have become a major topic in the upcoming presidential election, with Republican candidate Donald Trump claiming the U.S. should become the “world’s Bitcoin superpower.” His running mate, Senator J.D. Vance (R-Ohio), also supports cryptocurrencies, and their campaigns have been accepting crypto donations.
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