Schumer says a crypto bill can pass Senate this year; key Dems join 'Crypto4Harris' call

• On Wednesday evening, top Democrats joined a "Crypto4Harris" virtual town hall to show support both for the digital asset sector and for Vice President Kamala Harris' campaign.
• It is the latest move by Democrats to try to recast their party as pro-crypto, after years of being viewed as skeptics of the industry.
• Senate Majority Leader Chuck Schumer helped kick off the event with a ringing endorsement that a crypto law could pass the Senate by the end of the year.

Senate Majority Leader Chuck Schumer said Wednesday that he believes the Senate can realistically pass a bipartisan crypto regulation bill before the end of the year, giving fresh hope to an industry that has been stuck in legislative limbo for years.

"Passing legislation this year is absolutely possible, even in these divided times," Schumer said during a virtual town hall event to help raise money for the Democratic presidential nominee, Vice President Kamala Harris.

Dubbed "Crypto4Harris," the event featured billionaire Mark Cuban and Schumer's fellow New York senator, Kristen Gillibrand, as well as Sen. Debbie Stabenow of Michigan. Stabenow chairs the Senate Agriculture Committee, where a bipartisan crypto bill is working its way through the committee.

Two Democrats running for Senate seats also joined the event: Rep. Elissa Slotkin, who is running to replace the retiring Stabenow in Michigan and Rep. Adam Schiff, the favorite to win an open seat in California. Colorado Governor Jared Polis and Rep. Wiley Nickel, N.C., were also on the call.

"Why are we here today? Because we all support Vice President Kamala Harris to be our next president, and we all believe in the future of crypto," said Schumer.

"My goal when it comes to crypto regulation is this: I