- Schumer's ambitions for cryptocurrency regulation
- Need to balance innovation and safety
- Call for bipartisan support
Journalist Eleanor Terrett recently shared on social media platform X developments in the ongoing discussions about cryptocurrency regulation in the United States. She highlighted comments made by Senate Majority Leader Chuck Schumer regarding his ambitions on the matter.
Schumer's ambitions for cryptocurrency regulation
Schumer expressed his intent to adopt cryptocurrency regulation modeled after the approach used for artificial intelligence. He hopes to have the bill passed through the Senate and signed into law by the end of the year.
Need to balance innovation and safety
According to Terrett's post, Chuck Schumer emphasized the importance of striking a balance between embracing innovation and ensuring adequate safeguards.
Call for bipartisan support
The growing use of cryptocurrencies has prompted Schumer to call for bipartisan support to maintain the U.S. lead in innovation.
Schumer's approach to cryptocurrency regulation reflects his desire to ensure a balance between innovation and safety, aiming to get the law passed by the end of the year.
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