Senate Republicans Call for Own Meeting With Crypto CEOs After Democrats' Sitdown

Following a planned meeting between Senate Democrats and top cryptocurrency CEOs—including leaders from Coinbase and Chainlink—to discuss the industry's priority market structure bill, Republican lawmakers have scheduled their own subsequent meeting with the same industry leaders. The primary focus of these discussions is the legislation aimed at establishing U.S. regulation for the broader crypto sector, which is known in the House-approved version as the Digital Asset Market Clarity Act. Legislative progress in the Senate has stalled due to a government budget dispute and controversy surrounding a leaked document detailing suggested Democratic language on decentralized finance (DeFi). Industry lobbyists are skeptical about passing the bill this year, given the upcoming midterm elections. For the bill to advance, it requires bipartisan support to clear the 60-vote threshold, needing approval from both the Senate Banking Committee and the Senate Agriculture Committee, the latter of which has not yet released draft legislation. Industry leaders stress that any durable policy must have buy-in from both parties.

(Source：CoinDesk)