Ripple, Coinbase, and others meet Democrats as crypto ETF approvals stall amid US shutdown and $850B crypto market drop. 🧠💸
Executives from leading crypto firms, including Ripple and Coinbase, are set to meet with pro-crypto Senate Democrats this week. A most curious assembly, one might say, as they seek to navigate the treacherous waters of regulatory ambiguity. 🧭
The meeting comes as delays in crypto ETF approvals and the ongoing U.S. government shutdown weigh on investor sentiment. The roundtable discussion is expected to focus on crypto regulation, DeFi policies, and market structure frameworks. A most pressing matter, indeed, for those who dare to gamble with their fortunes. 🎲
The Esteemed Executives Convene with Democratic Allies
According to an October 20 report by Crypto In America host Eleanor Terrett, several high-profile crypto executives will participate in a closed-door roundtable. The meeting will be led by Senator Kirsten Gillibrand and will include participants from Ripple, Coinbase, Chainlink, Galaxy, Kraken, Uniswap, and Circle. A gathering of the most influential minds in the realm of digital currency! 🤝
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 Chainlink CEO Galaxy CEO Kraken CEO…
– Eleanor Terrett (@EleanorTerrett)
Confirmed attendees include Coinbase CEO Brian Armstrong, Chainlink co-founder Sergey Nazarov, Galaxy CEO Mike Novogratz, Kraken CEO Dave Ripley, and Uniswap founder Hayden Adams. Legal and policy heads from Ripple, Solana, Circle, and a16z crypto will also join the discussion. A veritable who’s who of the crypto elite! 🎩
The meeting follows backlash over a leaked Democratic proposal on DeFi regulations. Some industry leaders, including Armstrong and attorney Jake Chervinsky, argued the proposed rules could restrict crypto innovation. The session will address the need for balanced regulatory measures while discussing legislation on decentralized finance and crypto markets. A delicate dance, one might say, between innovation and oversight. 🕺
Crypto ETF Delays Prompt Urgency Among Lawmakers
The roundtable occurs during a period of delay in several crypto ETF decisions. A most exasperating situation for those eager to invest! 📉
The U.S. SEC has missed deadlines for rulings on ETFs related to Litecoin, Solana, and XRP, among others. These delays follow the continuation of the government shutdown, now into its fourth week. A true test of patience for all involved. ⏳
ETF issuers are now working to update their filings to meet the SEC’s Generic Listing Standards. The Commission has asked some firms to withdraw and revise their 19b-4 forms. This regulatory uncertainty adds pressure to lawmakers and industry leaders to create a clearer framework for ETF approvals. A most vexing predicament! 🧩
Lot of questions from clients and people on here because the Litecoin filing was technically due today under 19b-4. But as multiple people have reported (including ) it looks like SEC wants everyone to file under the new Generic listing standards for…
– James Seyffart (@JSeyff)
Investors are watching closely as the SEC’s next actions could influence broader market behavior. As filings are resubmitted with revised language, clarity from the agency remains a key priority for the crypto sector. A most urgent matter, indeed! 🕵️♂️
Market Sentiment Weakens Amid Policy and Approval Delays
The cryptocurrency market has seen a sharp downturn in recent weeks. A most alarming development for those who once danced with optimism! 📈➡️📉
Over $850 billion in market value was lost, bringing the total market cap to $3.5 trillion. The Crypto Fear & Greed Index also fell quickly from greed to extreme fear, reflecting rising caution among retail and institutional traders. A true tempest of uncertainty! 🌪️
The delayed ETF decisions, combined with policy uncertainty and the prolonged shutdown, have affected investor confidence. Stakeholders at the roundtable will discuss how these delays are influencing the market and what steps could restore momentum. A most pressing concern for all parties involved. 🧠
The upcoming talks may provide a pathway toward coordinated efforts between the cryptocurrency industry and lawmakers as they aim to resolve current legislative gridlock. A hopeful note, though one must remain skeptical of the outcomes. 🤔
Read More
- Best Season 10 PvE Build in New World: Aeternum
- Gold Rate Forecast
- BTC PREDICTION. BTC cryptocurrency
- DC’s Canceled Batgirl Movie Gets a Surprisingly Hopeful Update, 3 Years After Warner Bros Pulled The Plug
- Spider-Man 4: Kirsten Dunst Reveals if She’d Return as Mary Jane Watson
- Why Chishiya’s Alice In Borderland Season 3 Role Was Greatly Reduced
- I’m Living For George Clooney Admitting To The Internet He Got Wildly Drunk At The Tonys
- When Are New Episodes of Building the Band Dropping on Netflix?
- 7 Years After a Disappointing Final Episode, A Major Sci-fi Reboot Delivers Good News to Fans
- BTC AUD PREDICTION. BTC cryptocurrency
2025-10-20 13:55