Senator Chuck Schumer Pledges Pro-Crypto Stance if Kamala Harris is Elected President
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Democratic Senator Chuck Schumer, the majority leader of the United States Senate, has set a goal to pass bipartisan pro-crypto legislation by the end of the year if Kamala Harris is elected president.

Speaking at the Crypto4Harris Town Hall meeting—a grassroots crypto advocacy group pushing for a “reset” in crypto policy within the Harris campaign—Schumer emphasized that lawmakers could no longer ignore the need to foster crypto innovation in the U.S. He stated:

“We cannot afford to continue to sit on the sidelines because then we risk crypto going overseas to lowest common denominator countries where there will be no regulation at all.”

Acknowledging the rapid growth and increasing influence of cryptocurrency over the past decade, Schumer suggested that a Harris administration would not be opposed to crypto outright. He expressed his commitment to passing pro-crypto legislation if Harris were to become president:

“I want to bring members on both sides of the aisle here in the Senate together, create momentum so we can pass sensible legislation that helps the United States maintain its status as the most innovative country in the world.”

Schumer also stressed the importance of innovation in areas like AI and crypto, while highlighting the need for guardrails to protect users, safeguard national security, and prevent the misuse of cryptocurrency by bad actors.

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