New York Senator Chuck Schumer hopes to get some cryptocurrency bills passed in the Senate and become law by the end of the year

ChainCatcher news, Forbes reporter Eleanor Terrett stated on X that New York Senator Chuck Schumer revealed his goals regarding cryptocurrency regulation. He hopes to model it after AI regulation and aims to get some cryptocurrency bills passed in the Senate by the end of the year and become law.

Chuck Schumer said: "My goal is to get some bills passed in the Senate and become law by the end of this year, and I believe we can achieve this goal. I think we should strike a balance between promoting innovation and providing common-sense guardrails for cryptocurrency. This is similar to our approach to another innovative technology, artificial intelligence. When it comes to artificial intelligence or cryptocurrency, we also need to provide some guardrails to ensure user safety, protect our national security, and ensure that this technology is not abused by criminal organizations or other malicious actors at the expense of the public good. Only Congress has the ability to provide this balanced regulation."