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International Business Times
International Business Times
Business
Marvie Basilan

INSANE: Lip service did schumer backtrack on statements made regarding crypto legislation | Vintage Vibes

Crypto Chuck Schumer Kamala Harris Anthony Scaramucci Eleanor Terrett Mark Cuban Wiley Nickel
Chuck Schumer appeared open-minded about crypto when he attended a virtual town hall on crypto policy last month. (Credit: AFP)

KEY POINTS

  • Schumer said in a letter that AI is one aspect of legislation lawmakers should prioritize in the remaining months of Congress
  • Some crypto users were disappointed over Schumer's supposed backpedaling after he implied that crypto legislation is possible this year
  • Other users said Democrats and other crypto advocates endorsing Harris will 'shoot our industry in the foot'

Senate Majority Leader Chuck Schumer is being questioned for supposedly "backtracking" on statements he made regarding prioritizing cryptocurrency-centric legislation, possibly this year.

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