According to a knowledgeable source, negotiations in the U.S. Senate regarding the "Market Structure Act" for cryptocurrencies may be postponed until January of next year, due to unresolved major disagreements. This legislation is currently the most important advocacy target in the cryptocurrency industry, but with the holidays approaching, no agreement has been reached between Democrats, Republicans, the White House, and the cryptocurrency industry.
Key issues that still need to be resolved include: ethical rules for government officials' involvement in digital assets (especially concerning Trump himself), whether stablecoins can be tied to profits, the scope of the U.S. Securities and Exchange Commission's (SEC) authority in regulating tokens, and the limits of regulating decentralized finance (DeFi). Despite the disagreements, the pace and level of negotiations in the Senate remain high, and industry advocacy activists hope that the legislation will enter the formal review stage in committees in the coming weeks.
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