Chuck Schumer Omits Cryptocurrency from Legislative Agenda

by Giorgi Kostiuk

2 years ago

Made with AI

Schumer’s Letter to Colleagues
Speech at Crypto4Harris
Community Reaction

Senate Majority Leader Chuck Schumer has left cryptocurrency legislation off the list of priorities for the remaining part of the year, despite earlier promises.

Schumer’s Letter to Colleagues

In his letter to Senate colleagues, Chuck Schumer listed several legislative priorities, including rail safety, insulin prices, and artificial intelligence, but excluded cryptocurrency.

Senator Chuck Schumer sent a letter to his Senate colleagues where he mentioned priorities for passing bipartisan legislation in the remaining months of Congress. Cryptocurrency legislation was not mentioned, but artificial intelligence was.Eleanor Terrett, Fox News journalist

Speech at Crypto4Harris

This decision follows Schumer’s comments at the Crypto4Harris town hall, where he said that getting a bipartisan crypto regulation bill passed by year-end was within reach. Organized by Vice President Kamala Harris’s supporters, the event aimed to attract the crypto community ahead of the November elections.

My goal is to get something passed out of the Senate and into law by the end of the year, and I believe we can make that happen. We should strike a balance for crypto between promoting innovation and providing common-sense guardrails.Chuck Schumer, Senate majority leader

Community Reaction

The letter’s omission of cryptocurrency has drawn criticism from some members of the decentralized community, who have expressed frustration over what they perceive as a lack of genuine commitment to cryptocurrency issues from the Biden-Harris administration. One user pointed out that the Vice President herself had not 'said a word about' cryptocurrency, adding that the recent actions of her 'colleagues' did not reflect a supportive attitude.

Despite crypto being left out of the current priority list, Kamala Harris's campaign is still accepting crypto donations through Coinbase. Some prominent pro-crypto Democrats, like billionaire Mark Cuban and Ripple co-founder Chris Larsen, support her campaign, though maintaining enthusiasm among the crypto community remains uncertain.

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