The Democratic Party in the U.S. Senate still supports encryption legislation.

[Democrats in the U.S. Senate Still Support Crypto Legislation] Several executives from crypto companies met with Senate Democrats and Republicans on Wednesday to discuss advancing the crypto market structure bill. Chainlink CEO Sergey Nazarov stated that the Democrats have shown a continued willingness to support bipartisan legislation, and the meeting has reopened dialogue between the industry and lawmakers. Senate Banking Committee Chairman Tim Scott urged Democrats to return to the negotiating table immediately for substantive discussions. Although there are still procedural obstacles such as committee reviews and House reconsiderations, industry insiders believe that passing the bill will help digital assets gain recognition from the U.S. government, and not completing it in the short term does not mean failure.

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