Crypto industry insiders meet with key U.S. senators to discuss market structure bill negotiations.
PANews reported on December 18th that, according to CoinDesk, on Wednesday, as the US Senate was about to suspend negotiations on a crypto market structure bill, several crypto industry leaders met with key senators. Kara Calvert, Coinbase's Vice President of US Policy, stated after attending the meeting, "This was a meeting showcasing bipartisan interest and momentum. We are moving into the bill revision phase and need to find areas for compromise to achieve this goal." The meeting, chaired by Senate Banking Committee Chairman Tim Scott, was attended by industry advocacy groups such as the Blockchain Association, the Chamber of Digital Commerce, and the DeFi Education Foundation, as well as Democratic senators, Goldman Sachs, BNY Mellon, and the Securities Industry and Financial Markets Association (SIFMA), and also attracted Coinbase and other crypto companies such as Kraken, Ripple, a16z, and Chainlink. Scott stated in a statement that the senators were "examining the bill text in a thoughtful and deliberate manner."
Attendees stated that this was the last chance to clarify positions in 2025, such as DeFi's defense of software developers' rights. They indicated that while no new issues were resolved, the meeting laid the groundwork for negotiations in January. Cody Carbon, CEO of the Chamber of Digital Commerce, described the meeting: "While several major policy issues remain to be resolved, we are optimistic that these obstacles can be cleared because Senate leaders took time to meet with us before leaving Washington for vacation, and they are committed to finding consensus and establishing rules for U.S. digital assets."
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