U.S. Senate Democrats-virtual asset industry leaders roundtable concludes…"Need to restore trust in DeFi regulation"

JH Kim

Summary

It was reported that a private roundtable attended by U.S. Senate Democrats and virtual asset industry leaders has concluded.
They said the meeting addressed restoration of industry trust and maintaining political neutrality following the DeFi regulation leak.
The senators said they will continue discussions to pass virtual asset-related bills and that discussions will not be delayed.

A private roundtable attended by U.S. Senate Democrats and key figures from the virtual asset (cryptocurrency) industry concluded on the 22nd (local time).

The meeting focused on restoring shaken trust after the DeFi (decentralized finance) regulation leak and on maintaining the industry's political neutrality.

Eleanor Terrett, host of Crypto in America, said on X (formerly Twitter), "The meeting between Senate Democrats and industry leaders has just concluded."

Senators warned that "the virtual asset industry must not serve as an arm of the Republican Party," and pointed out that the DeFi regulatory draft leak has damaged trust in the industry. However, the senators added, "We will continue to work to pass legislation related to virtual assets, and discussions will not be delayed."

The meeting is regarded as a consultative process aimed at moving virtual asset policy discussions within the U.S. Congress beyond partisan confrontation and into a substantive legislative phase.