CEOs of U.S. cryptocurrency companies met with several senators on Wednesday to set policy regarding the blockchain industry in the U.S.
US senators talk to the industry
Democratic Party senators signal that they are ready to vote for the bill on the structure of the cryptocurrency market. On Wednesday, politicians talked to businessmen from the blockchain industry.
CEOs of crypto companies scheduled two meetings for the same day. The first was to discuss the next steps with Democrats, whose votes will be needed to cross the threshold of 60 votes in the Senate and thus pass the cryptocurrency regulations. The second meeting was held with Republican senators who are pushing another bill regarding the digital assets market.
It is clear that there is a sufficient level of Democratic support
– Chainlink CEO and co-founder Sergey Nazarov said in a statement to CoinDesk. He added that more than 10 politicians participated in the talks, “all very involved” in the issue of regulation.
Kristin Smith, president of the Solana Policy Institute, said in an interview with CoinDeskthat the meetings “reset the discussion,” but added that “we have a lot of work ahead of us” in raising lawmakers’ knowledge levels.
After the meeting with Republicans, a spokesman for Senator Tim Scott, chairman of the Senate Banking Committee, issued a statement in which Scott “urges his Democratic colleagues to return to the negotiating table and engage in serious, bipartisan discussions.”
Coinbase CEO Brian Armstrong, who was scheduled to attend both meetings, wrote in a post on the X social media site ahead of the meetings that he was “excited to meet with key decision-makers” to get the bill to President Donald Trump’s desk. After the first meeting, he wrote again that the industry “keeps up the pressure on Washington” to pass a bill to regulate the market.
Fighting for votes
In the US, the issue of cryptocurrencies has already become political, as evidenced by a post by journalist Eleanor Terrett. She claims that Democratic senators have warned industry leaders not to become an “arm” of Republicans. They also allegedly threatened them that exerting public pressure could “reverse the progress of work on the bill.”
This does not change the fact that the cryptocurrency industry has become a real political force in the US, with which the most important congressmen talk.
