New: Senate Dems just wrapped a closed-door meeting on the crypto market structure bill. Chuck Schumer was there, and is "very desperate" to get the bill over the finish line, given crypto PAC Fairshake's announcement of a $193 million midterms war chest, a Senate source told me. But it remains to be seen how pro-crypto Dems, who have repeatedly drawn a red line on outlawing Trump's crypto ventures, will easily manage backing down from that ask. White House highly unlikely to budge there (and that's assuming banks + coinbase reach an agreement on stablecoin yield this month)