Schumer Sets Stage for New Era of U.S. Crypto Politics

“We
succeeded
in
spotlighting
our
big
tent
and
showing
that
crypto
is
not
just
the
loudest
MAGA
crypto
bros
you
see
online,”
G
Clay
Miller,
one
of
the
organizers,
told
CoinDesk
in
an
interview.
(Miller,
a
former
Senate
staffer,
has
a
job
in
the
crypto
industry
working
for
a
leading
digital
assets
advisory
firm,
but
says
his
political
work
is
separate.)

Miller
said
15,000
people
registered
ahead
of
the
town
hall
and
that
1,000
were
in
attendance
at
any
one
time.

The
organizers’
main
goal
was
to
show
the
outside
world
that
Democrats
were
interested
in
getting
things
done
on
crypto,
despite
the
Biden
administration’s
record.
It
was
also
to
send
a
“loud
message”
to
the
Harris
campaign
that
crypto
was
paying
attention
to
what
the
vice
president
was,
and
wasn’t
saying,
on
the
issue.
Miller
said
campaign
staffers
listened
in
and
were
impressed
with
what
they
heard.

The
big
question
is
what
it
will
take
for
Democrats
to
prove
to
crypto
folk
that
they
are
serious
about
a
“policy
reset.”
It’s
unclear
at
this
stage
exactly
what
might
be
included
in
Schumer’s
bill.
But
bipartisanship
seems
at
least
possible.

Patrick
McHenry
(R-N.C.),
who
heads
the
powerful
House
Financial
Services
Committee
and
has
been
a
leading
voice
for
crypto
legislation
in
this
Congress,
tweeted
support
for
Schumer
this
morning.