Washington is gearing up for another high-stakes crypto policy debate. This Wednesday, a select group of digital asset executives will meet privately with Senate Democrats to explore how the U.S. can modernize its market structure for crypto trading and custody.
The discussion, reportedly convened by Senator Kirsten Gillibrand, comes as bipartisan talks on digital asset legislation remain gridlocked. Gillibrand, known for co-authoring the Responsible Financial Innovation Act alongside Senator Cynthia Lummis, has been urging lawmakers to restart momentum on crypto rules after months of political stagnation.
🚨SCOOP: These crypto C-suites are expected to attend a roundtable with pro-crypto Senate Democrats on Wednesday to discuss market structure legislation and the path forward:
📌Coinbase CEO @brian_armstrong
📌Chainlink CEO @SergeyNazarov
📌Galaxy CEO @novogratz
📌Kraken CEO…— Eleanor Terrett (@EleanorTerrett) October 20, 2025
Industry Heavyweights at the Table
According to journalist Eleanor Terrett, the invitation list includes an impressive lineup of industry figures: Coinbase’s Brian Armstrong, Galaxy Digital’s Mike Novogratz, Chainlink’s Sergey Nazarov, Uniswap’s Hayden Adams, and Ripple’s Stuart Alderoty, among others. Representatives from Kraken, Circle, a16z Crypto, and Solana’s Policy Institute are also expected to attend.
Resetting the Conversation
The meeting marks a renewed effort by pro-innovation Democrats to engage directly with crypto firms instead of waiting for bipartisan breakthroughs. Discussion points are expected to include stablecoin rules, exchange licensing frameworks, and consumer protection, three of the most contentious areas of pending legislation.
While no bill is expected to emerge immediately, insiders say the tone of this week’s meeting will determine whether Democrats proceed alone on a regulatory framework, or keep waiting for cooperation from their Republican counterparts.
For an industry desperate for clarity after months of mixed signals from Washington, the outcome could shape how crypto companies plan their next moves heading into 2026.