U.S. Market Structure Bill May Slide to January as Talks Continue Over Several Points
Negotiations for a U.S. crypto market structure bill are likely delaying until January due to unresolved disagreements among stakeholders.Summary
Negotiations in the U.S. Senate regarding a comprehensive crypto market structure bill, a top industry policy goal, are likely to extend into January because several significant disagreements remain unresolved among the four parties involved: Senate Democrats, Republicans, the White House, and the crypto industry. Key sticking points include ethics rules concerning government officials' involvement with digital assets (especially regarding President Donald Trump), whether stablecoins should be tied to yield, the scope of the SEC's authority over token classification, and the treatment of decentralized finance (DeFi). Despite these hurdles, including the White House pushing back on Democratic ethics proposals, the intensity of talks remains high, leading lobbyists to remain optimistic about eventual progress. Lawmakers face limited calendar time before the holiday break, suggesting formal committee markups may occur in early 2026, though advocates believe momentum is still strong for action early in the new year.
(Source：CoinDesk)