U.S. Senate Democrats Still Support Crypto Legislation

Jinse Finance reported that several executives from crypto companies met separately with Senate Democrats and Republicans on Wednesday to discuss advancing the crypto market structure bill. Chainlink CEO Sergey Nazarov stated that Democrats have shown a continued willingness to support bipartisan legislation, and the meetings have restarted the dialogue between the industry and lawmakers. Senate Banking Committee Chairman Tim Scott called on Democrats to immediately return to the negotiating table for substantive discussions. Although there are still procedural obstacles such as committee reviews and reconsideration by the House of Representatives, the industry believes that passing the bill would help digital assets gain recognition from the US government, and failure to complete it in the short term does not mean failure.