US Senate Dem Leader Schumer Snubs Crypto from Bipartisan Bill Priorities
CryptoNewsTerminal Staff08 Sep, 2024
US Senate Dem Leader Schumer Snubs Crypto from Bipartisan Bill Priorities
Senate Majority Leader Chuck Schumer (D-NY) has outlined his priorities for passing bipartisan legislation, and crypto is not on the list. Schumer's priorities, as outlined in a letter to colleagues, include artificial intelligence (AI), infrastructure, and immigration. Crypto, which Schumer had previously said he would push for, was notably absent from the list. This news comes as a disappointment to many in the crypto community, who had hoped that Schumer would use his position to advance crypto legislation. However, it is important to note that Schumer has not ruled out the possibility of crypto legislation in the future. In a town hall hosted by the non-profit group Crypto 4 Harris last month, Schumer said he would push for crypto legislation. However, he also said that he believes that crypto regulation should be done at the federal level, not the state level. It remains to be seen whether Schumer will be able to pass any crypto legislation, given the current political climate. However, his inclusion of AI on his list of priorities suggests that he is at least open to the idea of passing legislation that would regulate new technologies.
