CandleFocus Senator Schumer Leaves Crypto Out of Lawmaker Letter After Vowing to Push Regulation
2024-09-09
Author: Content Editor
Senate Majority Leader Chuck Schumer sent a letter outlining the Senate's priorities, but notably excluded any mention of cryptocurrency. This is in contrast to his previous support for crypto regulation just a month ago. The Democratic National Committee (DNC) also did not mention cryptocurrency in its official platform, while the Republican platform includes pro-crypto positions. The focus on artificial intelligence (AI) comes amid growing support for cryptocurrency within political and business circles. It remains to be seen if cryptocurrency regulation will return as a legislative priority, but AI has taken center stage in Washington's policy agenda for now.
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