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“I want to bring members on both sides of the aisle here in the Senate together to 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 said on the virtual call that included Democratic lawmakers and entrepreneurs such as Mark Cuban.The Senate Majority Leader did not specify which bill he was referring to, but there are a number of measures under consideration.
“There is still time to pass a bill this year, but I need a Republican senator to step up in order to accomplish that goal,” Stabenow said in a statement in late July. “I sincerely hope that politics does not get in the way of good policy.” Sen. Sherrod Brown , a vulnerable Democrat up for reelection and the chairman of the Senate Banking Committee, said in a recent interview that he was “open to working with” Stabenow on crypto regulation reform. However, he has also warned that he would not consider any crypto bill that is too friendly toward the industry.are not getting too optimistic about the prospect of legislation. Many believe that if there is progress on crypto legislation, it will not be until after the election.
The virtual call comes amid concerns that the Biden administration has been viewed as unfriendly to crypto and growing anticipation to see where Harris comes down on the matter. Thelast month in Nashville, the former president promised to ensure America becomes “the crypto capital of the planet” and “bitcoin superpower of the world.
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