Representatives from the traditional financial sector of the United States and leaders of the crypto industry held a closed-door meeting, reports Decrypt. During the meeting, the parties attempted to resolve key differences regarding the draft bill on the structure of the crypto asset market.

According to sources familiar with the negotiations, the meeting took place on January 8, 2025, and was described by participants as "constructive." Representatives from #SIFMA — one of the key lobbying structures on Wall Street — as well as delegates from the crypto community focused on decentralized finance, took part in the discussion.

Sources note that the greatest progress was made specifically on the issue of #DeFi . Previously, SIFMA and the banking lobby had criticized provisions in the draft bill that proposed regulatory exemptions for certain decentralized services and developers.