Schumer showed up at Crypto4Harris virtual rally
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Senate Majority Leader Chuck Schumer (D-N.Y.) showed up last night on a virtual rally for the cryptocurrency industry to back Vice President Kamala Harris, sponsored by the group, Crypto4Harris.
Why it matters: The industry is waiting to hear anything at all from Harris, while Trump has made his support clear.
Zoom in: Schumer spoke at the town hall after being introduced by Shark Tank star Mark Cuban.
- "The rest of us need crypto, and the Republicans couldn't care less. They just want to see the Bitcoin maxis get richer," the billionaire told listeners.
- The main purpose of the event was to urge viewers to donate to the Harris campaign right there on the call, so she would see it as one block of backing.
Schumer on the call championed an unreleased bill from Senate Democrats to expand the federal government's ability to oversee digital assets.
- "My goal is to get something passed out of the Senate and into law by the end of the year," he said.
- Among various other elected Democrats who appeared, the writer of the legislation Schumer was talking about, Sen. Debbie Stabenow (D-Mich.), also appeared.
- Her bill was expected to see a committee vote before recess, but it didn't happen. "Republicans just played game with us," she said. "They should not get a pass on that."
By the numbers: An organizer tells Axios that there were north of 1,000 listeners on the call, which had a format similar to previous online rallies.
What we're watching: "We are in early talks with the Harris campaign now," Jonathan Padilla, one of the call's organizers and a blockchain entrepreneur told listeners as the call began.
