Senate Banking Committee Chairman meets with representatives from a crypto exchange and other leading companies in the crypto industry

Jinse Finance reported that Senate Banking Committee Chairman Tim Scott and staff met with representatives from several leading crypto industry companies, including a certain exchange, another exchange, Chainlink, a16z, and Ripple, to discuss the text jointly drafted by the committee and the Democrats. This meeting replaced the originally planned market structure markup hearing. The committee does not intend to hold a markup hearing on the text before the Christmas holiday, but instead plans to follow up in early 2026. It is currently uncertain whether the text will be made public or what the subsequent direction will be. This meeting is of great significance for determining the regulatory text for the crypto industry.