U.S. Senate Democrats Assure Crypto CEOs They're Still Willing to Move Legislation

Several apical crypto executives met with senators to hash retired adjacent steps connected moving guardant with the measure that would modulate U.S. crypto markets.

Oct 22, 2025, 6:19 p.m.

Enough U.S. Senate Democrats are inactive showing they're acceptable to o.k. a crypto marketplace operation measure that the effort has legs, they expressed in a meeting with respective crypto CEOs connected Wednesday that focused connected a mode guardant connected U.S. crypto regulation.

Digital assets concern leaders had 2 meetings acceptable for the aforesaid day, the archetypal to sermon the adjacent steps with Democrats, whose votes volition beryllium needed to assistance immoderate measure implicit the Senate's 60-vote threshold. The second meeting is with those lawmakers' Republican counterparts, who've been pushing a draught measure that's their reply to the House of Representatives' Digital Asset Market Clarity Act.

"It's wide there's a capable level of Democratic support," said Chainlink CEO and co-founder Sergey Nazarov, successful a connection to CoinDesk betwixt the meetings. He said much than 10 lawmakers attended, "all precise committed to investing their clip and effort successful making the measure a success."

Tension has been rising betwixt the parties and wrong crypto circles arsenic the chances for Senate bandwidth turn slimmer for 2025. When immoderate Democratic legislative proposals connected decentralized concern (DeFi) precocious leaked, galore successful the manufacture considered the ideas a fatal changeable to marketplace operation negotiations. Some of them made those views public.

"I deliberation that friction is transitory and volition resoluteness soon," Nazarov said.

The gathering betwixt the manufacture leaders and Democratic lawmakers was said to beryllium spearheaded by Senator Kirsten Gillibrand, the New York Democrat who has been advocating for tailored crypto regulations for years. The Democrats showed a precocious involvement successful addressing illicit concern concerns successful the legislation, Nazarov said.

With some parties and the manufacture backmost astatine the array this week, crypto leaders are hoping it leap starts the process. Coinbase CEO Brian Armstrong, who was acceptable to be some meetings, had said successful a post connected societal media tract X earlier the meetings that helium was "excited to rotation up our sleeves with cardinal determination makers" to get the measure to President Donald Trump's desk.

After the archetypal meeting, helium posted again that the manufacture is "keeping the unit connected successful DC" to walk a bill, and helium besides flagged a Stand With Crypto effort to stitchery enactment for it.

A fig of hurdles stay successful that process, however. The Senate Banking and Agriculture committees request to beforehand connection to the wide Senate, and the erstwhile is the lone 1 that's truthful acold produced a draft. And if the Senate approves an eventual bill, it needs to instrumentality to the House for a ballot determination earlier it tin determination to Trump for a signature.

Crypto votes successful Congress person been a agleam spot successful U.S. argumentation work, with huge, bipartisan results for the caller measure to modulate stablecoin issuers and the House's Clarity Act. But authorities has to get finished earlier it tin triumph a vote.

Kristin Smith, president of the Solana Policy Institute, described the Wednesday meetings arsenic happening with lawmakers "committed to getting marketplace operation authorities right."

And Senator Cynthia Lummis, the Wyoming Republican who leads the crypto subcommittee wrong the Senate Banking Committee, called it a "big time successful Washington for integer plus marketplace structure."

"It's truly to everyone's payment to person the measure walk — to get the integer plus assemblage accepted by the U.S. government," Nazarov said.

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