Due to several key divergences yet to be resolved, negotiations in the U.S. Senate surrounding the cryptocurrency "Market Structure Bill" may be postponed until January next year. This bill is currently the most critical lobbying target for the crypto industry, but as the holidays approach, the multi-party negotiations among the Democrats, Republicans, the White House, and the crypto industry have yet to reach an agreement. #美SEC推动加密创新监管
The core issues that remain to be finalized include: the ethical standards for government officials involved in digital assets (especially concerning Trump himself), whether stablecoins can be linked to yields, the scope of authority of the U.S. Securities and Exchange Commission (SEC) in token regulation, and the regulatory boundaries of decentralized finance (DeFi). Despite the divergences, the pace and intensity of Senate negotiations remain high, and industry lobbyists still hold hope for the bill to enter the formal committee review stage in the coming weeks. $ETH
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