according to Crypto In America, executives from major companies in the cryptocurrency field and the "crypto czar" David Sacks, will gather on Capitol Hill this morning to meet with Republican and Democratic senators who are working to advance market structure legislation. Their goal is to restart bipartisan negotiations and submit the bill to President Trump before it becomes a priority in the midterm elections.

About ten industry executives will attend, including Coinbase CEO Brian Armstrong, Galaxy Digital CEO Mike Novogratz, Kraken CEO Dave Ripley, Chainlink CEO Sergey Nazarov, Uniswap CEO Hayden Adams, as well as Circle Chief Strategy Officer Dante Disparte, Ripple Chief Legal Officer Stuart Alderoty, Jito Chief Legal Officer Rebecca Rettig, a16z crypto General Counsel Miles Jennings, Solana Policy Institute Director Kristin Smith, and Paradigm Vice President of Regulatory Affairs Justin Slaughter.

The goal of this roundtable is to repair relationships and restart dialogue among members. Two weeks ago, Democratic staff leaked a proposal on decentralized finance regulation to their Republican counterparts, angering most industry professionals. This proposal exposed the significant differences between the two parties on the most challenging aspects of this already complex bill. Negotiations subsequently broke down, with Republicans refusing to continue discussions unless Democrats agreed to set a final date, while Democrats insisted they needed more time to gather input to make the bill a bipartisan achievement. Both party aides have stated that they hope the roundtable will restart negotiations and foster a new spirit of dialogue in the DeFi space.