At the Crypto4Harris event, Senate Majority Leader Chuck Schumer expressed optimism about passing crypto legislation this year, emphasizing the need for bipartisan support and sensible regulation to ensure the industry’s future.
Chuck Schumer, the US Senate Majority Leader, disclosed that it is still feasible to implement some form of crypto legislation this year during the virtual event ‘Crypto4Harris’, which was designed to rally crypto supporters for Kamala Harris.
“We all have faith in the future of crypto,” Schumer stated at an online event hosted by Crypto4Harris, “and we need your support to ensure that any proposal is bipartisan.” According to Coindesk, Congress is obligated to establish common sense and sound regulation on crypto.
Nearly a dozen additional Democratic legislators and notable figures, including Anthony Scaramucci of SkyBridge Capital and billionaire Mark Cuban, attended the virtual event.
Mark Cuban stated that Trump and Republicans are solely interested in cryptocurrency to increase the fortune of their allies.”They simply desire to see the Bitcoin aficionados become wealthier,” stated Cuban. Anthony Scaramucci, who served as Trump’s press secretary, expressed his desire for crypto to remain “less tribal” and bipartisan.
Schumer stated on two separate occasions that his objective was to have a measure passed out of the Senate and enacted by the end of the year, without referencing any particular bill.
“Crypto is here to stay, no matter what, so Congress must get it right,” said Senator Schumer. Nevertheless, numerous users continue to express their skepticism regarding X, resulting in their unsold status.
Tyler Winklevoss, the co-founder of Gemini, addressed X by stating that Harris failed to attend her own affair. What an absurd spectacle.” [sic]Although Joe Mccann of Asymmetric Financial is also skeptical of the Democrats’ shift in posture on Laura Shin’s podcast.
Harris’ evaluation will be primarily based on the Biden administration’s record until she elucidates her policy positions.
Over the course of the Biden administration, there have been numerous protracted legal disputes with cryptocurrency companies, as well as a failure to establish industry-specific regulations.
