Crypto industry insiders meet with key U.S. senators to discuss market structure bill negotiations.

According to CoinDesk, as the US Senate is about to suspend negotiations on a crypto market structure bill, some crypto industry leaders met with key senators on Wednesday. Kara Calvert, Coinbase's Vice President of US Policy, said after attending the meeting, "This was a meeting that demonstrated bipartisan interest and momentum. We are moving into the stage of bill revision and need to find areas of compromise to achieve this goal." The meeting, chaired by Senate Banking Committee Chairman Tim Scott, was attended by industry advocacy groups such as the Blockchain Association, the Chamber of Digital Commerce, and the DeFi Education Foundation, as well as Democratic senators, Goldman Sachs, BNY Mellon, and the Securities Industry and Financial Markets Association (SIFMA), and also attracted Coinbase and other crypto companies such as Kraken, Ripple, a16z, and Chainlink. Scott stated in a statement that senators are "examining the bill text in a thoughtful and deliberate manner." Attendees said this was the last chance to clarify positions by 2025, such as DeFi's defense of software developer rights. They stated that while no new issues were resolved, the meeting laid the foundation for negotiations in January. Cody Carbon, CEO of the Chamber of Digital Commerce, described the meeting: “While several major policy issues remain to be resolved, we are optimistic that these obstacles can be cleared as Senate leaders took time out of their vacation in Washington to meet with us, committed to finding consensus and establishing rules for U.S. digital assets.”