Crypto Executives to Meet with Pro-Crypto Democrats Amid ETF Delays
- Executives from Ripple, Coinbase, Chainlink, Galaxy, Kraken, Uniswap, and Circle will attend a roundtable led by Senator Kirsten Gillibrand.
- The meeting is scheduled for Wednesday and aims to address market structure legislation and DeFi regulations.
- Delays in crypto ETF approvals have persisted due to the ongoing U.S. government shutdown, now in its fourth week.
- Over $850 billion has been wiped from the crypto market as total market cap fell to $3.5 trillion amid investor fear.
- The SEC missed deadlines for several crypto ETFs including those for Litecoin, Solana, and Ripple’s XRP.
The upcoming roundtable is critical as it follows stalled negotiations over a leaked proposal that could negatively impact the crypto sector’s innovation potential. The prolonged government shutdown has significantly affected investor sentiment and market stability.
With over $850 billion lost in the crypto market, this meeting may influence future policies on ETFs and DeFi.
