“Executives and lobbyists are attending a meeting today with Senator Tim Scott and others to hash out the ongoing talks over crypto’s most important political effort.”, — write: www.coindesk.com
Senator Tim Scott, the chairman of the Senate Banking Committee that’s taken a lead on trying to advance the bill, is hosting a meeting with several insiders and lobbying groups as the lawmakers continue to negotiate several details of the bill, according to people familiar with the meeting. This latest gathering is said to include officials from such firms as Coinbase, Kraken and Chainlink, in addition to industry advocacy groups such as Blockchain Association and DeFi Education Fund, plus Democratic lawmakers, Goldman Sachs Group Inc. and the Securities Industry and Financial Markets Association (SIFMA).
Many of the same executives have been routine visitors of offices on Capitol Hill in recent weeks as lawmakers from both sides of the aisle have worked to find common ground on a market structure bill that can follow up on the successful effort earlier this year to pass a law governing US stablecoin issuers.
While the industry fostered hopes for more concrete action on the legislation this year, such as a committee markup in the Banking Committee or the Senate Agriculture Committee that also has to approve a bill, the end-of-year goal has now slipped to January. That comes with some potential complications, such as the end-of-next-month budget deadline in which Congress must revisit the negotiating drama over the federal spending plans that already dealt the government a weeks-long shutdown this year.
The talks have so far hung up on such issues as the treatment of decentralized finance (DeFi) and the Democrats’ proposal to ban senior officials from personal business ties to the industry, aimed predominantly at President Donald Trump.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The bank said bipartisan Senate talks on market structure legislation and parallel GENIUS Act rulemaking could deliver a workable US crypto framework by early 2026.
- Macquarie said bipartisan Senate talks are gaining momentum as Democrats weigh a Republican market-structure proposal.
- A Senate Agriculture draft giving the CFTC more authority over digital commodities is moving in parallel, with the two tracks expected to be reconciled in 2026.
- The bank sees US regulators finalizing the GENIUS Act and stablecoin rules on a similar timeline, potentially putting a comprehensive federal crypto framework in place by early 2026.
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