《Cryptocurrency Market Structure Law Bill》 Senate Draft Still Unfinished, Deliberation Process May Be Postponed Until December

On November 7th, according to Crypto In America, the draft of the "Cryptocurrency Market Structure Act" in the Senate version is still not completed, and the US Senate may continue its discussions this weekend. Once the government reopens, the Senate Banking Committee and the Agriculture Committee will be able to immediately start planning the respective versions of the market structure act for deliberation. An insider participating in the bipartisan discussions of the Banking Committee disclosed that this week all relevant parties are "working hard and fully engaged", actively addressing key differences. The progress seems to be smooth, but there is still no clear timetable for the release of the draft. Meanwhile, the draft of the Agriculture Committee is still in a state of flux. Last week, several sources had indicated that the bipartisan version was close to being finalized and could be released as early as this week. White House Crypto and AI Czar David Sacks had a call with the two principal drafters of the bill - Agriculture Committee Chair John Boozman (Republican - Arkansas) and Senator Cory Booker (Democrat - New Jersey) this Wednesday. After the meeting, he stated that he was "encouraged by the progress" and looked forward to seeing a "bipartisan draft" "soon". Obviously, the previous target of the Senators for Thanksgiving deliberation is becoming increasingly unrealistic, and a December deliberation now seems more likely. However, as is the norm in the US Congress, everything is subject to change and uncertainty.