Chaincatcher reported that according to Decrypt, U.S. Senate Majority Leader and New York Democratic Senator Chuck Schumer spoke at the Crypto4Harris conference on Wednesday, promising to pass crypto legislation by the end of this year. In the live broadcast of the conference, Schumer said that if no action is taken, "cryptocurrencies are at risk of flowing overseas and into countries with minimum standards without any regulation."

The theme of the event was to "restart" the dialogue with Vice President Kamala Harris and the future Harris administration - and emphasized that the crypto space does not belong to any party.