U.S. Senate Majority Leader: We can’t afford to ignore the crypto industry

Fox Business reporter Eleanor Terrett reported on X that U.S. Senate Majority Leader Chuck Schumer emphasized, "We cannot afford to continue to sit on the sidelines, because then we risk crypto going overseas to lowest common denominator countries where there'll be no regulation at all, and if we get nothing done, extremists win." Schumer is set to speak at a town hall organized by the nonprofit Crypto4Harris, which seeks to foster better relations between the cryptocurrency industry and Vice President Kamala Harris, a Democratic presidential candidate.