Senate Majority Leader Chuck Schumer said that passing bipartisan crypto regulation legislation this year is "absolutely possible" and believes a bill can pass the Senate before the end of 2024. Top Democrats participated in a "Crypto4Harris" virtual event to show support for Vice President Kamala Harris' presidential campaign and the digital asset industry. Schumer expressed optimism that Congress can pass bipartisan crypto regulation and help maintain the US' position as an innovation leader. The crypto industry has emerged as an influential voting bloc and is contributing millions to support pro-crypto candidates.
