TLDR
- David Sacks to meet Senate GOP to push crypto market bill forward in 2025.
- Two crypto roundtables are scheduled with key senators and industry leaders.
- The bill aims to define federal roles in crypto oversight and regulation.
- Coinbase and Ripple to join closed-door talks on DeFi and U.S. crypto laws.
WASHINGTON – In a key development for U.S. crypto policy, Crypto and AI Czar David Sacks is expected to meet Senate Republicans on Wednesday. The closed-door meeting will focus on reviving efforts to move forward the long-stalled crypto market structure bill, as pressure builds from both lawmakers and industry leaders to bring clarity to digital asset regulations.
Meeting Aims to Revive Crypto Regulation Talks
David Sacks, the White House’s lead on crypto and AI, will meet Republican senators from the Senate Banking Committee. The session is set to focus on moving the crypto market structure bill out of committee before the end of the year. The bill has remained stalled due to disagreements on oversight roles and concerns from lawmakers.
According to journalist Eleanor Terrett, the meeting will also address hesitations from senators like John Kennedy. Kennedy has raised concerns about how the bill might affect existing financial oversight. Sacks will aim to present a balanced view to ease those concerns and push for consensus.
The effort to move the bill forward has gained momentum in recent weeks. Lawmakers from both sides have shown growing interest in bringing more structure to the crypto space. Sacks is expected to stress the need for cooperation between parties, especially as agencies like the SEC and CFTC remain at odds over jurisdiction.
Broader Push Across Capitol Hill This Week
The meeting is part of a wider schedule of crypto-focused events happening on Capitol Hill this week. Two additional industry roundtables are planned—one by Senator Kirsten Gillibrand and another by Senator Tim Scott. These closed-door sessions will involve both Democratic and Republican lawmakers alongside executives from key crypto firms.
The roundtable hosted by Gillibrand will include leaders from Coinbase, Ripple Labs, Uniswap Labs, and Chainlink Labs. The discussions will center on the future of decentralized finance (DeFi) and how it should be addressed in future regulations. These companies have long called for regulatory clarity as they navigate current legal gray areas.
Senator Tim Scott’s session will also focus on drafting workable crypto legislation, with attention on how existing financial rules can adapt to digital assets. Both events reflect a renewed effort by Congress to create a clear framework after months of stalled talks.
Industry and Lawmakers Seek Unified Regulation
The push for structured regulation is a response to growing demand for clear rules in the crypto industry. U.S.-based exchanges, stablecoin issuers, and investors have been seeking legal certainty after several high-profile enforcement actions and lawsuits. The lack of a consistent federal framework has left companies operating under a patchwork of state laws.
Federal Reserve Governor Christopher Waller recently proposed a new payments framework aimed at supporting crypto innovation. His proposal added more weight to ongoing federal talks about digital assets and their place in the broader financial system.
These policy developments reflect the mounting pressure on lawmakers to finalize clear standards before the end of the legislative year. Both Democrats and Republicans see the need to act before the 2026 campaign season begins in full.
Sacks’ Role in Leading the Push
David Sacks was appointed earlier this year to coordinate crypto and AI policy efforts at the federal level. Since then, he has engaged with lawmakers and industry leaders to craft a regulatory approach that balances innovation and oversight. His upcoming meeting with Senate Republicans is seen as a step toward breaking the legislative gridlock.
Sacks is also expected to present key findings from recent consultations with industry leaders and agencies. These may help inform the Senate’s path forward on deciding the roles of the SEC and CFTC in crypto oversight.
Sacks’ outreach is being closely watched by both the financial sector and political observers. It may shape how the U.S. approaches crypto rules in the coming year, especially as global competitors move ahead with their own frameworks.
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