In the dimly lit chambers of power, where shadows dance with the whispers of greed and ambition, the crypto oligarchs shall gather. On the fateful day of October 22, 2025, the high priests of blockchain-Brian Armstrong, Sergey Nazarov, Mike Novogratz, and their ilk-will prostrate themselves before the altar of Senate Democrats. Led by the enigmatic Kirstin Gillibrand, this assembly promises to be a theater of the absurd, a clash of titans where the very soul of DeFi hangs in the balance. 🦹♂️💼
According to the oracle of X, Eleanor Terrett, the guest list reads like a who’s who of crypto royalty. Coinbase’s Armstrong, Chainlink’s Nazarov, Galaxy’s Novogratz-all shall grace the roundtable, their hearts heavy with the weight of a leaked proposal that threatens to shackle their decentralized dreams. 🕵️♀️✨
🚨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 @brian_armstrong
📌Chainlink CEO @SergeyNazarov
📌Galaxy CEO @novogratz
📌Kraken CEO…– Eleanor Terrett (@EleanorTerrett) October 20, 2025
Terrett, ever the harbinger of intrigue, hints that more souls may yet be summoned to this legislative inferno. “I’m told others may be added to the list,” she murmurs, her words dripping with the promise of further drama. 🧙♀️🔮
The Sin of the Leaked Proposal
Ah, the proposal! That cursed document, leaked on October 9, 2025, like a poison seeping into the veins of DeFi. Know Your Customer (KYC) mandates, a “restricted list” for protocols, and the stripping of legal protections for blockchain developers-these are the tools of oppression wielded by the Democrats. Even the mighty Armstrong cried foul, declaring it a dagger to the heart of American innovation. Hayden Adams, the prophet of Uniswap, warned it could “kill DeFi in the U.S.”-a dire prophecy indeed. ☠️⚖️
Critics, with tongues sharp as daggers, decried the proposal as a betrayal of bipartisan efforts, a blow to the CLARITY Act passed by the House in July. The collective wail was that of an industry on the brink, its very existence threatened by regulatory overreach. 🗡️💔
The Great Divide: Democrats vs. Republicans
In this grand drama, the Republicans stand as the reluctant saviors, their legislative drafts a beacon of hope for blockchain developers. Yet, even they have retreated, wary of the Democrats’ zealous regulatory fervor. The October 22 meeting is Gillibrand’s gambit to bridge this chasm, to appease the crypto gods and salvage her party’s tattered reputation. 🌉🤝
Meanwhile, the specter of Donald Trump looms, his administration whispering sweet nothings of crypto-friendly policies. Yet, like a mirage in the desert, the specifics remain elusive. Will he be the industry’s savior, or merely another player in this game of thrones? 🧐🤡
The stakes are clear: by year’s end, the fate of crypto market structure legislation will be decided. Will it rise phoenix-like from the ashes, or be consigned to the annals of 2026? Only time-and the machinations of these power brokers-will tell. ⏳🎭
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2025-10-20 09:57