Schumer says a crypto bill can pass Senate this year; key Dems join ‘Crypto4Harris' call

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Schumer says a crypto bill can pass Senate this year; key Dems join ‘Crypto4Harris' call
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Top Democrats joined virtual town hall to back crypto and a Kamala Harris administration.

On Wednesday evening, top Democrats joined a "Crypto4Harris" virtual town hall to show support both for the digital asset sector and for Vice President Kamala Harris' campaign.

Senate Majority Leader Chuck Schumer said Wednesday that he believes the Senate can realistically pass a bipartisan crypto regulation bill before the end of the year, giving fresh hope to an industry that has been stuck in legislative limbo for years."Passing legislation this year is absolutely possible, even in these divided times," Schumer said during a virtual town hall event to help raise money for the Democratic presidential nominee, Vice President Kamala Harris.

"Why are we here today? Because we all support Vice President Kamala Harris to be our next president, and we all believe in the future of crypto," said Schumer. Harris did not join the online event, but many members of her party chimed in to reassure the crypto sector writ large that a potential Harris administration would be supportive of creating a regulatory framework for the industry that would help foster innovation at home.

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