Crypto Execs to Meet with Democrats on DeFi Rules, as Market Structure Talks Stall

Senior executives from the cryptocurrency industry will meet with Democratic senators on October 22, 2025 to discuss stalled bipartisan legislation impacting market structure. This follows backlash against a leaked proposal that targets decentralized finance (DeFi) and includes KYC mandates and restrictions for protocols. Key players like Coinbase’s Brian Armstrong, Chainlink’s Sergey Nazarov, Galaxy CEO Mike Novogratz, and Kraken CEO David Ripley will participate in the roundtable discussions led by Senator Kirstin Gillibrand.