Express
Negotiations on US Crypto Market Structure Bill Continue, Likely to be Delayed Until January Next Year
Summary: According to sources, negotiations in the US Senate on the Crypto Market Structure Bill have been delayed to January next year due to several unresolved points of contention. The legislative text has been privately circulated among industry insiders, with industry executives briefly reviewing the current draft at a White House meeting on Thursday, chaired by ...
According to sources, negotiations in the US Senate on the Crypto Market Structure Bill have been delayed to January next year due to several unresolved points of contention.
The legislative text has been privately circulated among industry insiders, with industry executives briefly reviewing the current draft at a White House meeting on Thursday, chaired by President Donald Trump's crypto advisor Patrick Witt. Negotiations involve Senate Democrats, Republicans, the White House, and the crypto industry, with four major points of contention still needing resolution. These include ethical standards for government officials participating in digital assets, particularly President Donald Trump's involvement, whether stablecoins should be pegged to profits, and the jurisdiction of the US Securities and Exchange Commission (SEC) over tokens and decentralized finance (DeFi).
Patrick Witt stated on X platform that the White House and Senate Republicans are 'united in protecting the needs of software developers and DeFi'. Despite the differences, the intensity and pace of negotiations remain high. Cody Carbone, CEO of Digital Chamber, stated that all parties have a genuine desire and motivation to complete the legislation, with actual progress expected early next year.
Tags:
Link: Negotiations on US Crypto Market Structure Bill Continue, Likely to be Delayed Until January Next Year [Copy]
