Crypto Leaders to Meet Senate Democrats for Industry Policy Roundtable
Executives from Coinbase, Chainlink, Uniswap, and other crypto firms will meet with Senate Democrats to advance discussions on U.S. crypto market structure reform, addressing roadblocks in DeFi provisions.
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Summary
Executives from Coinbase, Chainlink, Kraken, Uniswap, Solana Policy Institute, Galaxy Digital, and Circle will meet with Senate Democrats this week to discuss U.S. crypto market structure legislation. The meeting aims to resolve stalled discussions, particularly around DeFi language, and push forward reform efforts delayed by political gridlock. Former Senate counsel Mannar Hanna predicts the legislation will not pass in 2025 due to ongoing congressional priorities and disputes.
Terms & Concepts
- Market Structure Legislation: Proposed U.S. laws establishing regulatory frameworks for digital asset trading, custody, and oversight.
- DeFi (Decentralized Finance): Blockchain-based financial systems enabling peer-to-peer transactions without traditional intermediaries.
- Stablecoins: Cryptocurrencies pegged to stable assets like the U.S. dollar, used to reduce volatility in digital transactions.