U.S. Senate's Crypto Market Structure Bill Faces Delays Due to Unresolved Disputes

According to Odaily, discussions in the U.S. Senate regarding the crypto market structure bill may be postponed until January next year due to unresolved disagreements. The legislative text has been circulated privately among industry insiders, and executives briefly reviewed the current draft during a meeting at the White House on Thursday. This meeting was led by U.S. President Donald Trump's crypto advisor, Patrick Witt. The negotiations involve Senate Democrats, Republicans, the White House, and the crypto industry, with four major points of contention remaining. These include ethical standards for government officials' involvement in digital assets, particularly concerning U.S. President Donald Trump, whether stablecoins should be linked to yields, and the U.S. Securities and Exchange Commission's (SEC) jurisdiction over tokens and decentralized finance (DeFi). Patrick Witt stated on the X platform that the White House and Senate Republicans share a unified stance on the need to protect software developers and DeFi. Despite the differences, the intensity and pace of the negotiations remain high. Cody Carbone, CEO of the Digital Chamber, noted that all parties have a genuine desire and motivation to complete the legislation, with substantial progress expected early next year.