Senate Majority Leader Chuck Schumer expressed optimism on Wednesday that the Senate could pass a bipartisan crypto regulation bill before the year’s end, offering renewed hope to the long-stalled industry.

Speaking at a virtual fundraiser, “Crypto4Harris,” Schumer emphasized the possibility of passing legislation despite current political divisions.

The event, supporting Vice President Kamala Harris’s presidential campaign, featured notable figures like billionaire Mark Cuban and senators working on the bipartisan crypto bill, CNBC has reported.

Schumer emphasized the importance of bipartisan cooperation to ensure the U.S. remains a global leader in innovation through sensible crypto regulation.

Written by B.C. Begley