Senate Majority Leader Chuck Schumer warmly welcomed the crypto industry at a virtual town hall in support of the vice president Kamala Harris Wednesday evening.
Schumer, Speaking at a virtual “Crypto4Harris” event, he hailed the promise of digital assets on a level we’ve never heard before.
Schumer’s words This may be the friendliest comment we’ve ever heard from a Democrat as senior as Schumer. Harris hasn’t said anything about the cryptocurrency industry since her campaign launched in recent weeks.
“Why are we here? “Today?” Schumer asked. “Because we all support Vice President Kamala Harris to be our next president, and we all believe in the future of crypto.”
Schumer was introduced by a billionaire investor Marc Cuban, who Schumer said was a guy who “cares about things and he calls me about it all the time.”
Schumer also said He believed it was still possible that Congress would pass meaningful cryptography legislation before the end of the 118th Congress.
It’s worth taking We have some time left to read Schumer’s fuller remarks. Here’s what the New York Democrat said:
Schumer said He said Congress could “help crypto reach its full potential.” He added that lawmakers should “provide safeguards to ensure the safety of users of this technology, to preserve our national security, and to ensure that this technology cannot be misused by criminal organizations.”
From any angle If you think about it, Schumer’s remarks should be considered a significant moment for the crypto industry.
It’s one thing Schumer said the Senate should address crypto with legislation. But that kind of attitude is something different.
The importance did not escape the representative. Wiley Nickel (D-N.C.), a pro-crypto Democrat who helped organize the town hall meeting. “What we heard from Sen. Schumer was a big deal,” Nickel said at the event.
Other Democrats Speakers included Senator Kirsten Gillibrand (NY), Governor of Colorado Jared Polis, representative Adam Schiff (California) and Senator. Debbie Stabenow (Mich.) Stabenow, who chairs the Senate Agriculture Committee, devoted part of his remarks to accusing some Republican senators of not “working in good faith” since bipartisan negotiations on his panel. collapsed at the end of July.
This event It’s a remarkable testament to how the cryptocurrency industry has managed to wield its political power this cycle, pumping hundreds of millions of dollars into the 2024 campaign. The industry argues that crypto voters could make a significant difference at the margins. We won’t know if these people are listening until November.
— Brendan Pedersen
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