Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
U.S. Senate Majority Leader Chuck Schumer came out guns-blazing during a Crypto4Harris event, saying what's been considered a longshot idea of getting some kind of crypto legislation out this year could really happen.
U.S. crypto legislation can happen this year, Senate Majority Leader Chuck Schumer said Wednesday at the first major event in which crypto insiders have come out for Vice President Kamala Harris as their favored presidential contender. Crypto4Harris is among a handful of fledgling efforts aiming to drum up crypto-world backing for Harris after months in which former President Donald Trump seemed to be cementing himself as the industry's pick. Harris hasn't made any policy statements about digital assets in the U.S., and her campaign hasn't formally embraced crypto support, though campaign officials were said to be listening in at the opening online event.
Still, Schumer said twice that his goal was to have a bill passed out of the Senate and signed into law by the end of the year. He mentioned the Financial Innovation and Technology for the 21st Century Act , a House-passed bill spearheaded by Rep. Patrick McHenry , as well as a yet-to-be-introduced bill being developed in the Senate Agriculture Committee, though he stopped short of explicitly endorsing either product.
Sen. Debbie Stabenow , who chairs the Senate Agriculture Committee, said her goal is to"provide the structure that both protects consumers but also allows this innovation to really flourish," referring to crypto commodities as something the Commodity Futures Trading Commission – long seen as a potentially friendlier regulator toward crypto than the Securities and Exchange Commission – should oversee.
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