Senate Majority Leader Chuck Schumer has announced his intention to pass significant cryptocurrency legislation before the end of 2024. Speaking at the Crypto4Harris event, Schumer emphasized the need for bipartisan support to establish a regulatory framework for the growing crypto industry.

He pointed to ongoing legislative efforts, including the Financial Innovation and Technology for the 21st Century Act (FIT21), which has already passed the House. Schumer also mentioned an upcoming bill from the Senate Agriculture Committee as part of the broader push to regulate digital assets effectively​.

This legislative push comes as the crypto industry continues to gain political allies, with significant support emerging across both Democratic and Republican candidates in Congress.