Senate lot rocked up to schmooze with crypto bigwigs about market structure gigs today. Republicans? Totally game. But oh, the Dems? Darling, they’re getting all judgy and sarcastic. 😏
Especially Senator Gallego, who basically called out some CEOs for their sassy rants last week. And with President Trump treating crypto like his personal scandal playground – hello, political corruption! – the lefties are like, “Nah, Web3, you’re cute but we’re done.”
Crypto’s Senate Squad: The Divorce Papers are Drafting
Look, the Senate’s been faffing about with crypto regs for ages, and progress? It’s like waiting for that ex to reply. Negotiations hit a wall last month, but then CEOs threw in a wild card idea to reboot. Today, fancy Web3 folks met with both sides separately. Talk about a plot twist!
Why the drama? Reporters on the ground said the GOP chat was all vibes, no chaos – Republicans nodding along, ready to roll with new plans like defining DeFi legally and hardcore anti-crime stuff. Everyone left buzzing with to-do lists. 💼
But when the crypto crew hit the Democrats – including big dog Chuck Schumer – oh boy, it was like someone forgot to DVR the election. Things got spicy, aka profane: 😈
Sources in the room say the meeting got heated
Sen. Gallego (D-Ariz), per two sources familiar, told the crypto CEOs: “I’m really fucking pissed about what happened last week. Don’t be an arm of the Republican Party. They used you all and your megaphones to fuck us.”
– Brendan Pedersen (@BrendanPedersen) October 22, 2025
And Gallego was basically reliving that nightmare from last week: Dem Senate staffers leaked a crypto reg draft, and the industry went full meltdown on Twitter. Okay, sure, it was just an opening bid, not gospel, but cue the outrage from crypto gods. Classic!
Dems: Getting Their Crypto Hater Pants On
The fallout? Yikes. Dems still have some crypto bros in their corner – active and all – but the vibe’s cracking. Trump’s crypto skullduggery is turning fence-sitters into full-on cynics, with supporters looking electorally knackered or just plain defeated. 😂
Basically, bipartisanship for crypto regs is hanging by a thread. Lots of Dems were up for more talks, but they can’t seem like GOP puppets. Polls are screaming that weakness is their Kryptonite against Trump’s magic tricks.
Still, Senate chiefs agree crypto deserves support – in theory. But if this bickering snowballs, the Dems might ghost the whole thing. Kiss those regs goodbye, industry. Oof. 🤷♀️
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2025-10-23 01:52