Cryptocurrency leaders gather on Capitol Hill to discuss market structure legislation

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.