US Senate Majority Leader Senator Chuck Schumer (D-NY), speaking at a digital town hall meeting on Wednesday, pledged to pass crypto legislation by the end of the year.
“I believe that Washington cannot afford to look away from crypto, stick our heads in the sand and do nothing,” Schumer said on Crypto4Harris Live. “My goal is to get something out of the Senate and into law by the end of the year, and I believe we can make that happen.”
Senator Schumer said that by not taking action, “crypto risks going overseas to low-income countries where there is no regulation.” “Emotional Defenses”
The 90-minute live broadcast featured a mix of industry experts, members of the US Senate and House of Representatives, as well as state governors and candidates for office. While many participants spoke live, many submitted pre-recorded comments.
The main theme of the event was achieving a “reset” with Vice President Kamala Harris and the future Harris administration – and emphasized that the crypto space is not one entity.
“I know I speak to many of my friends and colleagues in this field, and in our industry, we want to make cryptocurrency regulation positive and bipartisan,” said investor Anthony Scaramucci, founder and managing partner of crypto-focused investment firm SkyBridge Capital. .
“We're going to keep this less tribal; if we can get bipartisan commitment on crypto regulation, we're going to make it about the great things that will happen to the industry.”
Rep. Willie Nickell (D-NC) agreed.
“Digital assets and blockchain technology, it's not a partisan issue,” Nickell said. “Turning this into a political football is only going to set us back decades in Congress, so that's been my focus, to make sure this is treated as a bipartisan issue.”
“There's only one candidate running for president who's been called a crypto scam, and that's Donald Trump,” Nickell said. “Donald Trump is completely in a hurry.”
Many speakers couldn't resist taking jabs at the Republican Party.
During the event, billionaire and Shark Tank personality Mark Cuban said, “Supporting crypto is not about adding elite Bitcoin maxis wallets.” “Crypto isn't about elites — it's about equality — and that's a huge opportunity for us because the rest of us want crypto, and Republicans don't really care.”
Former President Donald Trump and his campaign made bold changes to the digital asset industry; Make many promisesFrom boosting domestic bitcoin mining and creating strategic bitcoin reserves to ending what critics call the current administration's “war on crypto” – Securities and Exchange Commission Chairman Gary Gensler.
Despite the clear partisan divide, however, there are still crypto allies on the Democratic side who represent a likely demographic.to pick upHe said. And vice president Kamala Harris said the team “has signs that it's working.”A concerted effort” to reach the industry.
Organizers of the call They spoke Decrypt last week“This is about putting a new foot forward.”
Edited by Sebastian Sinclair.
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