What happened?
Coinbase CEO Brian Armstrong and other crypto leaders are heading to Washington to push for a crypto market-structure bill and said momentum is at an all‑time high. Senators, led by Kirsten Gillibrand, are hosting a roundtable with executives from firms like Galaxy, Chainlink, Kraken, and the Solana Policy Institute. The meeting follows a Senate Democrats’ proposal that would impose front‑end KYC, reduce some developer protections, and create a restricted list for high‑risk DeFi protocols.
Who does this affect?
This affects major exchanges and crypto companies, wallet and DeFi developers, and the projects that rely on open, permissionless infrastructure. Everyday crypto users could face more identity checks and changes to how they access DeFi apps. Investors and regulators are also impacted because the rules could change where projects operate and how services are offered in the U.S.
Why does this matter?
Clear, workable rules could unlock more institutional capital and boost market confidence, helping prices and liquidity. But strict measures like mandatory front‑end KYC or banning certain DeFi apps could drive innovation and trading offshore, reduce liquidity, and weigh on token valuations. The outcome of these talks could therefore move markets significantly — either by opening the door to more investment or by creating new headwinds for U.S.‑based crypto growth.