The US Capitol recently held a "cryptocurrency blitz" conference, with both parties holding roundtable discussions with industry leaders.
Passing market structure legislation is the administration's top priority this year, according to White House crypto and AI czar David Sacks. At the Democratic conference, senators acknowledged that cryptocurrencies provide opportunities for unfairly treated voters in the traditional banking system, but Arizona Senator Gallego warned industry leaders "not to be complicit in the Republican Party" over the leak of the DeFi proposal. The Republican conference focused on how to define and regulate DeFi, proposing to focus regulation on intermediaries rather than protocols, and recommended that both parties work with industry representatives to review the bill line by line. Senator Kennedy likened the legislative process to "the ups and downs of a heroin addict". While both parties expressed a willingness to cooperate, the next steps are unclear.
The bipartisan debate in the US Congress on cryptocurrency legislation has focused on DeFi regulation
2025-10-23 02:17:02
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