Crypto execs to meet Senate Democrats over market structure legislation: report
Top crypto executives will meet with Senate Democrats to discuss stalled crypto market structure legislation.Summary
A group of prominent cryptocurrency executives, including CEOs from Coinbase, Chainlink, Galaxy Digital, and Kraken, are scheduled to meet with pro-crypto Senate Democrats, led by Senator Kirsten Gillibrand, for a roundtable discussion on Wednesday regarding market structure legislation. This meeting occurs amid stalled negotiations with Republican lawmakers on the matter. Senator Gillibrand has been a proponent of regulatory clarity, co-sponsoring the bipartisan Responsible Financial Innovation Act. Analysts suggest that delays in advancing the comprehensive market structure bill could push its passage past the upcoming midterm elections. Disagreements persist, particularly regarding jurisdiction between the SEC and CFTC, and a recent Democratic proposal on DeFi has drawn criticism.
(Source：The Block)