According to Odaily Planet Daily, negotiations in the U.S. Senate regarding the crypto market structure bill may be delayed until January of next year due to unresolved multiple points of contention.
The legislative text has been circulating privately among industry insiders, and industry executives briefly reviewed the current draft at a White House meeting. The negotiations involve Senate Democrats, Republicans, the White House, and the crypto industry, with four major points of contention still needing resolution.
These points of contention include ethical standards for government officials' involvement in digital assets, particularly the involvement of U.S. President Donald Trump, whether stablecoins should be tied to yields, and the jurisdiction of the U.S. Securities and Exchange Commission (SEC) over tokens and decentralized finance (DeFi).
The White House and Senate Republicans are aligned on the needs of protecting software developers and DeFi. Despite disagreements, the intensity and pace of negotiations remain high. Digital Chamber CEO Cody Carbone stated that all parties have a genuine desire and motivation to complete the legislation, and real progress is expected early next year.
