U.S. Senate Democrats Assure Crypto CEOs They're Still Willing to Move Legislation
Senate Democrats confirmed their commitment to advancing crypto market structure legislation during a meeting with industry CEOs.Summary
Top crypto executives met with U.S. Senate Democrats who assured them of sufficient support to advance a bill regulating U.S. crypto markets past the 60-vote threshold. Chainlink CEO Sergey Nazarov noted that over ten lawmakers attended the meeting, expressing commitment to the bill's success, despite recent friction over leaked Democratic proposals on decentralized finance (DeFi). The meeting, reportedly spearheaded by Senator Kirsten Gillibrand, focused on addressing illicit finance concerns. Industry leaders, including Coinbase CEO Brian Armstrong, view these discussions as crucial for jump-starting the legislative process, hoping to get a bill passed and signed by President Donald Trump, though hurdles remain, such as committee approvals and a final House vote.
(Source：CoinDesk)