Ripple, Coinbase and others meet Democrats as crypto ETF approvals stall amid US shutdown and $850B crypto market drop.
Executives from main crypto corporations, together with Ripple and Coinbase, are set to satisfy with pro-crypto Senate Democrats this week.
The assembly comes as delays in crypto ETF approvals and the continuing U.S. government shutdown weigh on investor sentiment. The roundtable dialogue is predicted to give attention to crypto regulation, DeFi insurance policies, and market construction frameworks.
High Executives to Attend Coverage Roundtable With Democrats
In keeping with an October 20 report by Crypto In America host Eleanor Terrett, a number of high-profile crypto executives will take part in a closed-door roundtable. The assembly will probably be led by Senator Kirsten Gillibrand and will embrace members from Ripple, Coinbase, Chainlink, Galaxy, Kraken, Uniswap, and Circle.
🚨SCOOP: These crypto C-suites are anticipated to attend a roundtable with pro-crypto Senate Democrats on Wednesday to debate market construction laws and the trail ahead:
📌Coinbase CEO @brian_armstrong
📌Chainlink CEO @SergeyNazarov
📌Galaxy CEO @novogratz
📌Kraken CEO…— Eleanor Terrett (@EleanorTerrett) October 20, 2025
Confirmed attendees embrace Coinbase CEO Brian Armstrong, Chainlink co-founder Sergey Nazarov, Galaxy CEO Mike Novogratz, Kraken CEO Dave Ripley, and Uniswap founder Hayden Adams. Authorized and coverage heads from Ripple, Solana, Circle, and a16z crypto can even be a part of the dialogue.
The assembly follows backlash over a leaked Democratic proposal on DeFi laws.
Some trade leaders, together with Armstrong and lawyer Jake Chervinsky, argued the proposed guidelines may prohibit crypto innovation. The session will deal with the necessity for balanced regulatory measures whereas discussing laws on decentralized finance and crypto markets.
Crypto ETF Delays Immediate Urgency Amongst Lawmakers
The roundtable happens throughout a interval of delay in a number of crypto ETF choices.
The U.S. SEC has missed deadlines for rulings on ETFs associated to Litecoin, Solana, and XRP, amongst others. These delays comply with the continuation of the federal government shutdown, now into its fourth week.
ETF issuers are actually working to replace their filings to satisfy the SEC’s Generic Itemizing Requirements.
The Fee has requested some corporations to withdraw and revise their 19b-4 types. This regulatory uncertainty provides strain to lawmakers and trade leaders to create a clearer framework for ETF approvals.
Lot of questions from purchasers and folks on right here as a result of the @CanaryFunds Litecoin submitting was technically due right this moment beneath 19b-4. However as a number of folks have reported (together with @EleanorTerrett) it seems to be like SEC desires everybody to file beneath the brand new Generic itemizing requirements for… https://t.co/HdmW7IfQjg
— James Seyffart (@JSeyff) October 2, 2025
Traders are watching intently as the SEC’s subsequent actions may affect broader market habits. As filings are resubmitted with revised language, readability from the company stays a key precedence for the crypto sector.
Market Sentiment Weakens Amid Coverage and Approval Delays
The cryptocurrency market has seen a pointy downturn in current weeks.
Over $850 billion in market worth was misplaced, bringing the whole market cap to $3.5 trillion. The Crypto Concern & Greed Index additionally fell rapidly from greed to excessive concern, reflecting rising warning amongst retail and institutional merchants.
The delayed ETF choices, mixed with coverage uncertainty and the extended shutdown, have affected investor confidence. Stakeholders on the roundtable will focus on how these delays are influencing the market and what steps may restore momentum.
The upcoming talks could present a pathway towards coordinated efforts between the cryptocurrency trade and lawmakers as they purpose to resolve present legislative gridlock.
