Senate Deliberations on Cryptocurrency Market Structure Bill Continue

According to BlockBeats, the Senate version of the Cryptocurrency Market Structure Bill remains incomplete, with the U.S. Senate potentially continuing discussions over the weekend. Once the government resumes operations, the Senate Banking Committee and Agriculture Committee are expected to schedule hearings for their respective versions of the bill. An industry insider involved in bipartisan discussions within the Banking Committee revealed that all parties are working diligently to resolve key differences. Although progress appears promising, there is no clear timeline for the draft's completion. Meanwhile, the Agriculture Committee's draft is still undergoing changes. Last week, multiple sources indicated that the bipartisan versions were nearing finalization, with the text possibly being released as early as this week. David Sacks, the White House's head of cryptocurrency and AI, held a call on Wednesday with the bill's primary drafters—Agriculture Committee Chairman John Boozman (Republican-Arkansas) and Senator Cory Booker (Democrat-New Jersey). Following the call, Sacks expressed encouragement about the progress and anticipated seeing a bipartisan draft "soon." It is evident that the previously envisioned goal of reviewing the bill before Thanksgiving is becoming increasingly unrealistic, with December now appearing more likely. However, as is typical with the U.S. Congress, outcomes remain uncertain.