Senate Roundtable to Shape Crypto & DeFi Regulation
On October 22, Senate Democrats led by Kirsten Gillibrand convened a crypto roundtable with executives from Coinbase, Chainlink, Uniswap, Ripple, Circle, Galaxy, Kraken and the Solana Policy Institute. Participants debated stalled bipartisan crypto regulation and responded to backlash over a leaked Democratic DeFi framework. They discussed proposals for market structure legislation, clear regulatory guardrails for wallets, expanded CFTC oversight and protections for decentralized finance. This meeting marks a potential turning point in shaping crypto regulation and market stability before year-end.
Bullish
This Senate roundtable signals growing legislative momentum toward defined crypto regulation. In the short term, the market may remain stable as traders wait for bill text. Clear regulatory guardrails typically reduce uncertainty, favoring a bullish outlook. Long term, expanded CFTC oversight and formal DeFi rules could drive institutional adoption and price support. Overall, progress in market structure legislation is likely to boost confidence in the crypto sector.