The U.S. Congress is discussing cryptocurrency legislation with bipartisan support, focusing on DeFi regulation

ChainCatcher News, the U.S. Capitol recently held a "Cryptocurrency Lightning Round" meeting, where both parties engaged in roundtable discussions with industry leaders.

White House crypto and AI czar David Sacks stated that legislating market structure is the government's top priority this year. During the Democratic meeting, senators acknowledged that cryptocurrencies provide opportunities for voters who are unfairly treated under the traditional banking system, but Arizona Senator Gallego warned industry leaders to "not become accomplices of the Republicans" due to the DeFi proposal leak. The Republican meeting focused on how to define and regulate DeFi, suggesting that regulatory emphasis should be placed on intermediaries rather than protocols, and recommending that both parties work with industry representatives to review the bill line by line. Senator Kennedy likened the legislative process to "the ups and downs of a heroin addict." Although both parties expressed a willingness to cooperate, the next specific actions remain unclear.