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ChainCatcher reported that executives from major cryptocurrency companies, as well as David Sacks, President Trump's policy lead for cryptocurrency and artificial intelligence, gathered on Capitol Hill to meet with Senate Republicans and Democrats to discuss market structure legislation. The purpose of this meeting is to restart bipartisan dialogue and strive to bring relevant bills to President Trump's desk before the midterm elections. At 10:00 a.m., David Sacks will meet with Republican members of the Senate Banking Committee, emphasizing that passing market structure legislation is a priority for the Trump administration this year. At 11:30 a.m., Senator Kirsten Gillibrand will host a Democratic roundtable, with participants including Minority Leader Chuck Schumer and 11 other senators, as well as about 10 industry executives, including a certain exchange CEO, Galaxy Digital CEO Mike Novogratz, and another exchange CEO. At 2:00 p.m., some industry leaders will attend a Republican roundtable hosted by Banking Committee Chairman Tim Scott and Cynthia Lummis. Previously, the two parties had serious disagreements over decentralized finance regulation, and negotiations had once broken down.

Jinse Finance reported, citing Crypto In America, that top executives from major companies in the cryptocurrency sector, along with Trump's "crypto czar" David Sacks, will gather this morning on Capitol Hill to meet with Senate Republicans and Democrats who are working to advance market structure legislation. Their goal is to restart bipartisan negotiations and submit the bill to President Trump before it becomes a priority in the midterm elections. About ten industry executives are attending, including Coinbase CEO Brian Armstrong, Galaxy Digital CEO Mike Novogratz, Kraken CEO Dave Ripley, Chainlink CEO Sergey Nazarov, Uniswap CEO Hayden Adams, Circle Chief Strategy Officer Dante Disparte, Ripple Chief Legal Officer Stuart Alderoty, Jito Chief Legal Officer Rebecca Rettig, a16z crypto General Counsel Miles Jennings, Solana Policy Institute Director Kristin Smith, and Paradigm Vice President of Regulatory Affairs Justin Slaughter. The aim of this roundtable is to repair relationships and restart dialogue among members. Two weeks ago, Democratic staff leaked a proposal on regulating decentralized finance to their Republican counterparts, an action that angered much of the industry. This proposal exposed significant differences between the two sides on the most challenging parts of an already complex bill. Negotiations subsequently broke down, with Republicans refusing to continue discussions unless Democrats agreed to set a final date, while Democrats insisted they needed more time to solicit opinions and make the bill a bipartisan achievement. Aides from both parties claim they hope the roundtable will restart negotiations and foster a new spirit of dialogue in the DeFi sector.