Senator Chuck Schumer’s Latest Bipartisan Agenda Sidesteps Crypto
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
Senate Majority Leader Chuck Schumer has excluded crypto from his latest bipartisan legislative agenda, despite earlier promises to prioritize the issue.
In a recent “Dear Colleague” letter, Schumer outlined key topics such as rail safety, insulin pricing, and artificial intelligence but did not mention cryptocurrency.
In a recent post on X, Fox News journalist Eleanor Terrett noted this absence.
“Cryptocurrency legislation was not mentioned, but artificial intelligence was,” she wrote. “This, despite his adamance in the Crypto4Harris town hall that crypto legislation was going to be a pressing priority.”
At the “Crypto4Harris” town hall earlier this year, Schumer emphasized the importance of passing a bipartisan crypto regulation bill by the end of 2024.
At the time, he stated that the U.S. cannot afford to “sit on the sidelines” and risk innovation in crypto moving overseas.
He expressed confidence that such legislation could be passed, advocating for a balanced approach between encouraging innovation and implementing reasonable regulatory guardrails.
Schumer’s earlier stance was echoed by Florida Congressman Darren Soto at the same event, where he urged Vice President Kamala Harris to take action on crypto policy.
The “Crypto4Harris” event, aimed at garnering support from the crypto community ahead of the November elections, featured a lineup of prominent pro-crypto Democrats.
However, Schumer’s latest agenda has left many in the decentralized finance space disappointed.
Meanwhile, some in the crypto community have accused the
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