Crypto industry insiders meet with key senators on market structure bill negotiation

Executives and lobbyists are attending a gathering contiguous with Senator Tim Scott and others to hash retired the ongoing talks implicit crypto's astir important argumentation effort.

Dec 17, 2025, 4:43 p.m.

Some crypto leaders are gathering connected Wednesday with cardinal lawmakers arsenic the U.S. Senate is astir to instrumentality immoderate clip disconnected from the negotiations implicit a crypto marketplace operation measure — the industry's astir important argumentation aim.

Senator Tim Scott, the president of the Senate Banking Committee that's taken a pb connected trying to beforehand the bill, is hosting a gathering with respective insiders and lobbying groups arsenic the lawmakers proceed to negociate respective details of the bill, according to radical acquainted with the meeting. This latest gathering is said to see officials from specified firms arsenic Coinbase, Kraken and Chainlink, successful summation to manufacture advocacy groups specified arsenic Blockchain Association and DeFi Education Fund, positive Democratic lawmakers, Goldman Sachs Group Inc. and the Securities Industry and Financial Markets Association (SIFMA).

Many of the aforesaid executives person been regular visitors of offices connected Capitol Hill successful caller weeks arsenic lawmakers from some sides of the aisle person worked to find communal crushed connected a marketplace operation measure that tin travel up connected the palmy effort earlier this twelvemonth to walk a instrumentality governing U.S. stablecoin issuers.

While the manufacture fostered hopes for much factual enactment connected the authorities this year, specified arsenic a committee markup successful the Banking Committee oregon the Senate Agriculture Committee that besides has to o.k. a bill, the end-of-year extremity has present slipped to January. That comes with immoderate imaginable complications, specified arsenic the end-of-next-month fund deadline successful which Congress indispensable revisit the negotiating play implicit the national spending plans that already dealt the authorities a weeks-long shutdown this year.

The talks person truthful acold hung up connected specified issues arsenic the attraction of decentralized concern (DeFi) and the Democrats' connection to prohibition elder officials from idiosyncratic concern ties to the industry, aimed predominantly astatine President Donald Trump.

Macquarie sees U.S. Senate adjacent crypto woody arsenic marketplace structure, GENIUS rules advance

The slope said bipartisan Senate talks connected marketplace operation authorities and parallel GENIUS Act rulemaking could present a workable U.S. crypto model by aboriginal 2026.