Senate Majority Leader Chuck Schumer has left cryptocurrency out of his latest bipartisan legislative priorities, despite earlier pledges to address crypto regulation. In a recent “Dear Colleague” letter, Schumer outlined key issues like rail safety, insulin pricing, and artificial intelligence, but notably excluded cryptocurrency, sparking disappointment within the crypto community.
Fox News journalist Eleanor Terrett highlighted the omission on X (formerly Twitter), pointing out that Schumer had previously promised to prioritize crypto legislation during the “Crypto4Harris” town hall earlier this year. At that event, Schumer underscored the need for the U.S. to lead in crypto innovation and committed to passing a bipartisan crypto regulation bill by the end of 2024.
Schumer’s previous stance emphasized balancing innovation with regulatory safeguards, a message supported by Florida Congressman Darren Soto, who urged Vice President Kamala Harris to take a proactive role in crypto policy. However, Harris has yet to make any significant public statements on the issue, drawing criticism from some in the crypto space. While the Harris campaign accepts cryptocurrency donations through Coinbase, there is little focus on digital assets in her official platform.
Meanwhile, former President Donald Trump has gained traction among crypto investors, with increasing support on Polymarket, a political betting platform. His pro-crypto stance contrasts with Harris’ more cautious approach, potentially influencing voter sentiment as the November election draws closer.
Crypto leaders are still trying to sway Harris, organizing a September 13 fundraiser aimed at raising $100,000 for her campaign, with hopes of shaping her position on cryptocurrency. Despite these efforts, the absence of crypto in Schumer’s agenda has left many questioning the administration’s commitment to the issue.
