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Republican Sens. Bernie Moreno and Cynthia Lummis are scheduled to meet President Trump at 2:30 p.m. on Thursday to pitch ethics provisions they hope will unlock passage of a sweeping crypto market structure bill that has stalled in Congress. White House crypto adviser Patrick Witt and Chief of Staff Susie Wiles are also expected to attend.
Solana Policy Institute President Kristin Smith, previewing the meeting, framed the session as the clearest opening yet. "The purpose is to pitch him some ideas on the ethics issue and hopefully get his sign-off on those," Smith said. "So I think that's hugely positive."
Why it matters
Market structure legislation, which would set the long-deferred rules for how digital assets are classified, traded, and disclosed, has been held up largely over disagreements about ethics and conflict-of-interest guardrails for administration officials with crypto exposure. Landing Trump on a framework would give Senate leadership cover to move the bill.
Market impact
A sign-off would not guarantee a floor vote, but it would shift the calculus for several holdouts. Lummis and Moreno have been the most visible GOP negotiators on the package, and a Trump endorsement typically compresses the timeline from months to weeks on Capitol Hill. Crypto-linked equities and the majors, BTC and ETH, tend to rally on legislative progress rather than headline drafts.
Frequently asked questions
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What is the Thursday meeting between senators and Trump about?
Republican Sens. Bernie Moreno and Cynthia Lummis are scheduled to meet President Trump at 2:30 p.m. Thursday to pitch ethics provisions they hope will unlock a sweeping crypto market structure bill stalled in Congress.
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Why has crypto market structure legislation stalled?
The bill has been held up largely over disagreements about ethics and conflict-of-interest guardrails for administration officials with crypto exposure, rather than the underlying market structure framework.
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Who is Kristin Smith and what did she say about the meeting?
Kristin Smith is president of the Solana Policy Institute. She called the meeting hugely positive, saying the purpose is to pitch Trump on ethics ideas and get his sign-off.
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Who else is attending the Thursday White House meeting?
Along with Moreno and Lummis, White House crypto adviser Patrick Witt and White House Chief of Staff Susie Wiles are expected to attend.
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How would a Trump sign-off affect the market structure bill timeline?
Industry observers say a Trump endorsement typically compresses a months-long legislative timeline into weeks. It would give Senate leadership political cover to move the package, though a floor vote would still require broader GOP alignment.
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