The post Big Gaps Remain After Crypto Execs Meet With Senators on Market Structure Bill appeared on BitcoinEthereumNews.com.

In brief Leading crypto executives met with Senate Democrats and Republicans on Wednesday, in sit-downs that exposed divisions over the path forward to passing a crypto market structure bill. Democrats were frustrated about numerous issues, including recent leaks of proposed bill language, while Republicans warned that if the bill doesn’t move forward soon, it could collapse. Meeting attendees said the ongoing government shutdown and partisan tensions remain obstacles to any deal. Top crypto industry executives met separately with key Senate Democrats and Republicans on Wednesday, in sit-downs that underscored how far apart lawmakers remain on market structure legislation—despite the positive vibes intended to be signaled by the meetings.  “Democrats don’t like these timelines being put on them,” a source familiar with the events of both meetings told Decrypt. “But the Republicans are like: ‘If we don’t move this in November, we don’t get it done by the end of the year, then the whole thing derails.’” During the industry leaders’ meeting with Democrats on Wednesday, Senators Catherine Cortez Masto (D-NV), Mark Warner (D-VA), and Ruben Gallego (D-AZ) all expressed frustration at their Republican colleagues, and the crypto executives, for leaking a Democratic proposal on the bill’s DeFi language earlier this month—and publicly bashing it online, per the source.  “They were very upset with the reaction on Twitter,” the source said. Sen. Cory Booker (D-NJ) also implored the crypto executives to be more supportive of Democrats in their push to ensure a bipartisan mix of commissioners at the CFTC and SEC, the source added.  That issue has become increasingly fraught—and central to the fate of the market structure bill— given the Trump administration’s moves to functionally end the independence of federal agencies including the CFTC and SEC. The market structure bill would give both regulators enormous leeway over the shaping…

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Filed under: News - @ October 23, 2025 4:25 am