cryptocurrency Leading companies in the industry are accelerating their political contacts ahead of cryptocurrency ETF approvals, which were delayed by the government shutdown in the USA. Ripple 
$2.33, coinbase, Chainlink 
$16.59, galaxy, kraken, Uniswap And circle executives will meet with Democratic senators who are positive about cryptocurrency in Washington this week. New York Senator in attendance Kirsten Gillibrand will preside.
Cryptocurrency Industry Increases Its Effectiveness on the Political Front
Fox Business journalist Eleanor Terrett‘s dated 20 October X According to the post, the meeting was attended by Coinbase CEO Brian Armstrong, Chainlink founder Sergey Nazarov, Galaxy’s Mike Novogratz, Kraken CEO. Dave Ripley and founder of Uniswap Hayden Adams will attend. President of Solana Policy Institute at the meeting Kristin SmithRipple legal director Stuart AlderotyCircle CSO Dante Disparte and a16z’s cryptocurrency legal advisor Miles Jennings Policy makers such as will also take part.
The agenda of the meeting will include determining the regulatory framework for decentralized finance, legal regulations regarding market structure and cryptocurrency policieshas a future. The meeting with Democratic senators was organized after negotiations with Republicans stalled and the draft law, which was allegedly restrictive of DeFi, attracted reaction in the industry. Names such as Armstrong and Chervinsky argued that the bill in question was prohibitive rather than encouraging innovation.
Delay in ETF Approvals Pressures the Market
The timing of the meeting is critical due to disruptions in the ETF approval processes. As the US government shutdown enters its fourth week, the SEC’s Litecoin 
$91.07, solana And XRP The deadline for ETFs based on altcoins such as has been missed.
While delays weaken investor confidence, cryptocurrency marketThe total value of Turkey decreased to 3.5 trillion dollars, a decrease of approximately 850 billion dollars. Powered by CoinMarketCap Crypto Fear and Greed Index It quickly went from the level of “greed” to the level of “extreme fear”. ETF applicants are attempting to comply with the new General Listing Standards by changing the language in their 19b-4 filings at the request of the SEC. The process is seen as the harbinger of a new era that will determine the direction of regulation.
