- Crypto executives, including Chainlink’s Sergey Nazarov and Coinbase’s Brian Armstrong, held discussions with Senate Democrats on October 22, 2025.
- Democrats expressed willingness to advance the market structure bill, aiming for bipartisan consensus.
- Meetings highlight efforts to address regulatory clarity for digital assets amid partisan frictions.
Crypto industry leaders convened with U.S. Senate Democrats on October 22, 2025, to revitalize efforts on market structure legislation for digital assets. The meetings, led by Senator Kirsten Gillibrand, involved over 10 Democratic lawmakers and focused on bridging policy gaps.
Bipartisan negotiations have faced challenges, including tensions from leaked Democratic proposals on decentralized finance (DeFi). Despite this, participants described the discussions as productive, with Democrats assuring their commitment to moving the bill forward.
Chainlink co-founder Sergey Nazarov emphasized the positive outlook, stating, “It’s clear there’s a sufficient level of Democratic support… all very committed to investing their time and effort in making the bill a success. ” He added that frictions are “transitory ” and resolving them benefits the entire digital asset community.
Republican engagement followed the Democratic session, with Senator Tim Scott urging Democrats to return to the negotiating table for substantive discussions. Scott’s spokesman highlighted the need for bipartisan talks on the GOP’s draft bill, which responds to the House-passed Digital Asset Market Clarity Act.
The legislation aims to provide regulatory clarity for cryptocurrencies like Bitcoin and Ethereum, defining roles for the SEC and CFTC. Industry advocates stress its importance for innovation while addressing illicit finance concerns.
Potential risks include failure to secure 60 Senate votes, which could delay clarity. However, Solana Policy Institute President Kristin Smith noted that even without immediate passage, agencies like the SEC and CFTC are progressing on policies, offering “real clarity that I think is going to be ultimately lasting. “
Coinbase CEO Brian Armstrong, via an X post, expressed optimism about collaborating with decision-makers to get the bill to President Trump’s desk. The meetings underscore the industry’s push for acceptance within the U.S. financial system.
If passed, the bill could stabilize U.S. crypto markets, fostering growth in sectors like DeFi and stablecoins. Analysts warn that unresolved partisan issues might push final action into the next Congress.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
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