Insiders in the cryptocurrency industry meet with key U.S. senators to discuss negotiations on market structure legislation

According to CoinDesk, on Wednesday, as negotiations on the cryptocurrency market structure bill in the U.S. Senate are set to pause, some leaders in the crypto industry met with key lawmakers. Kara Calvert, Vice President of U.S. Policy at Coinbase, stated after the meeting, "This was a meeting that showcased bipartisan interest and momentum. We will enter the bill amendment phase and need to find areas of compromise to achieve this goal."

Senate Banking Committee Chairman Tim Scott chaired the meeting, which included industry advocacy groups such as the Blockchain Association, the Digital Chamber of Commerce, and the DeFi Education Fund, as well as Democratic lawmakers, Goldman Sachs, BNY Mellon, and the Securities Industry and Financial Markets Association (SIFMA). Scott stated in a statement that senators "are thoughtfully and prudently examining the bill text."

Participants noted that this is the last opportunity to clarify positions for 2025, such as the defense of software developers' rights in DeFi. They mentioned that while no new issues were resolved, the groundwork was laid for negotiations in January. Cody Carbon, CEO of the Digital Chamber of Commerce, described the meeting: "While there are still several significant policy issues to resolve, we are optimistic that these obstacles can be cleared, as Senate leaders took the time to meet with us before leaving Washington for the holidays, and they are committed to finding consensus to establish rules for digital assets in the U.S."