Crypto Giants Meet with Senate Democrats to Shape U.S. Regulations

Major figures from the cryptocurrency industry are preparing for a high-stakes meeting in Washington D.C. This week, top executives from Coinbase, Chainlink, Ripple, Kraken, Uniswap, Solana, and other companies will meet with Democratic senators to discuss the future of U.S. crypto regulation. The session is led by Senator Kirsten Gillibrand and focuses on market structure legislation, aiming to determine how cryptocurrency trading and decentralized finance (DeFi) are governed under U.S. law. 🚨 The meeting’s attendees include Coinbase CEO Brian Armstrong, Chainlink CEO Sergey Nazarov, Galaxy Digital CEO Mike Novogratz, and Uniswap CEO Hayden Adams. Other expected participants include Circle’s Dante Disparte, Ripple’s Stuart Alderoty, as well as legal leaders from Jito and a16z Crypto. This meeting comes at a crucial juncture in crypto policy discussions. Democrats and Republicans have been grappling over potential regulatory changes for DeFi. A leaked Democratic proposal drew swift criticism from the industry, with many calling it overly restrictive. The new roundtable aims to bridge this gap. Lawmakers seek to understand the industry’s concerns while pushing for increased oversight. By inviting industry leaders, Senate hopes to find common ground on how to protect investors without stifling innovation. 🇺🇸 These talks are significant as they could set the stage for more concrete regulation in the U.S., potentially shaping future regulations of DeFi and digital assets. The crypto community is eagerly watching the outcome of this pivotal meeting.