Schumer sets stage for new era of U.S. crypto politics as Democrats show interest at Crypto4Harris town hall. Harris's stance on crypto remains unclear.
BTC drops again as markets react negatively to CPI print. Significant movements include $1bn USDT withdrawn from exchanges and US government sending $584m BTC to exchanges. Major companies make notable BTC transactions. Schumer aims for crypto regulation this year. DeFi sees growth with Aave's weekly high.
Senate Majority Leader Schumer aims to pass a pro-crypto bill this year with bipartisan support, pending Kamala Harris's potential presidency.
TD Cowen suggests stablecoin legislation may happen this summer or during the lame-duck session after discussions with Senator Schumer.