- Senior crypto executives will attend a back-to-back meeting with the Fed and Democratic Party Senators to discuss stablecoin and crypto asset regulation.
Senior executives from crypto-related companies will be busy this week with their back-to-back engagements with the US Federal Reserve and Senate Democrats. The Fed will host a conference on payments innovation on October 21, and the pro-crypto Democratic Party senators will consult with them about the ongoing market structure legislation on October 22.
Fed Conference with Crypto Executives
Fed Governor Christopher Waller will lead the Tuesday conference. According to Cointelegraph, the event will focus on several pressing topics in the evolving financial landscape, including the following:
- Bridging traditional finance with the digital asset ecosystem
- Stablecoin use cases and business models
- AI (artificial intelligence) in payments
- Tokenized products
CEOs, presidents, and other senior executives from the following institutions will be participating in the conference:
- Chainlink
- Lead Bank
- Fireblocks
- BNY
- Paxos
- Fifth Third Bank
- DolarApp
- Circle
- Ark Invest
- Coinbase
- Strip
- Google Cloud
- Franklin Templeton
- DRW
- BlackRock
- JP Morgan’s Kinexys
- Jito Labs
- Multicoin Capital
- Modern Treasury
- Brevan Howard Digital
The discussion comes hot on the heels of Fed Governor Michael Barr’s speech on stablecoins, AI, and real-time payments at the 2025 DC Fintech Week in Washington, DC, last week. During that time, he explained how stablecoins get the edge from traditional payment mediums due to their integration of distributed ledger technology (DLT).
For the official, the global nature of stablecoins is fundamental in eliminating high friction in cross-border payments. Additionally, he highlighted their usefulness in remittances, trade finance, and cash management of multinational firms.
Barr, however, reiterated investing in technologies that will safeguard these digital assets from illegal activities, including money laundering and terrorist financing. Moreover, he emphasized the importance of their operations, issuance, and reserves falling within regulatory bounds, particularly aligning them with the GENIUS Act, to ensure financial stability.
Meeting with Pro-Crypto Senate Democrats
Crypto America’s Eleanor Terrett, a former Fox Business journalist, revealed that several attendees in the Fed meeting will also be at a roundtable with pro-crypto senators in the Democratic bloc. Senator Kirsten Gillibrand from New York will lead the event.
Participants will include senior executives from the following companies:
- Coinbase
- Chainlink
- Galaxy
- Kraken
- Uniswap
- Solana Policy Institute
- Circle
- Ripple
- Jito
- a16z crypto
Terrett claimed the meeting will center on reviving the talks with the Democratic senators’ Republican counterparts after their negotiations recently stalled. Their efforts notably hit a wall following a leaked document containing the Democrats’ proposal to regulate decentralized finance (DeFi).
The proposal wanted to push for digital asset intermediaries to enforce a full-risk management program, regular stress tests, and comprehensive audits on their code. Furthermore, it orders them to implement strong safeguards against fraud, market manipulation, sanction evasion, money laundering, and other illicit finance activities.
The leak sparked crypto industry and community backlash due to their purportedly burdensome requirements and for classifying DeFi protocol deployers as intermediaries.
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