Overview
- Sen. Kirsten Gillibrand will lead a closed-door roundtable with up to 10 Democratic senators and executives from Coinbase, Chainlink, Ripple, Uniswap, Kraken, Galaxy Digital and Circle.
- Expected attendees include Brian Armstrong, Sergey Nazarov, Mike Novogratz, David Ripley, Hayden Adams, Stuart Alderoty and Dante Disparte, with policy voices from a16z Crypto and the Solana Policy Institute also invited.
- The discussion centers on market-structure rules and DeFi oversight after a Democratic draft calling for AML/KYC on DeFi front-ends drew sharp industry and Republican criticism.
- Bipartisan negotiations had stalled after Republicans pulled back, and market odds reflect pessimism, with Polymarket recently showing a 17% chance of passage by year-end 2025.
- No legislative text is expected from the meeting, which participants describe as a potential inflection point for resolving SEC–CFTC jurisdiction questions and reengaging on the Senate’s version of the bill previously advanced by the House.