Was the Democrat DeFi Doc Leaked in 'Bad Faith'? Senator Mark Warner on a Way Forward for Market Structure
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CoinDesk
4.7 • 698 Ratings
🗓️ 23 October 2025
⏱️ 18 minutes
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| 0:00.0 | I'm very optimistic that once we get folks in a room, this is, I think you're going to be surprised |
| 0:04.8 | because one thing about this, having done this a long time, it's slow, slow, slow, slow, |
| 0:10.2 | and then it moves very quickly. |
| 0:17.6 | Senator Mark Warner joins us now. Hello, Senator. Hey, Jen. Hey, Renato. Thank you for having me on and I hope you guys are doing good. Thanks for being on. Now, let's get right into it. The industry came to you to push for the House Past Market Structure Bill. There's been a little bit of back and forth. We had some discussions yesterday with the industry, as we were just speaking about with our last guest. What are some of your |
| 0:42.6 | takeaways from the discussions yesterday? Well, I think a lot of my colleagues had a pretty, |
| 0:47.8 | on the Democratic side, a pretty high level of frustration. And I think the meeting was net, net, |
| 0:53.7 | very positive. I think there was, net net, very positive. |
| 0:55.1 | I think there was, you know, one of the things we wanted to share, particularly a lot of the |
| 1:00.0 | crypto folks, you know, are relatively new to politics. |
| 1:04.7 | And the idea that, that, you know, 18 of us, and I was intimately involved in the genius bill of my eyeballs, |
| 1:14.1 | you know, kind of broke with what had been kind of the more traditional democratic view on |
| 1:19.3 | crypto and said, no, you know, this is, I'm a believer. This is a critically important industry. |
| 1:25.0 | We've got to make sure we have the vast majority of it here in |
| 1:29.0 | America and we've got to have American technology leadership. And I think, you know, while there's |
| 1:36.0 | always nitpicking after the fact, I think the genius bill has gotten so far pretty darn good reviews. |
| 1:42.4 | And what the frustration then came is, you know, |
| 1:46.2 | we went against what was the majority of the Democrats |
| 1:49.3 | in the Senate. |
| 1:51.0 | And we said, we gotta get this done. |
| 1:52.2 | And then we moved right after that to market structure. |
| 1:57.0 | And we frankly, I think we saw a little bit of bad faith |
| 2:00.1 | when some documents were leaked to the industry and the industry then without picking up the phone and saying, hey, some of this stuff on this document, and a matter of fact, I got to tell you, I had not even seen the document before it went out. |
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