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

BlockBeats News, November 7th, according to Crypto In America, the Senate version of the "Cryptocurrency Market Structure Act" draft is still unfinished, and the U.S. Senate may continue its discussions this weekend. Once the government reopens, the Senate Banking Committee and 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 revealed that this week all relevant parties are "working hard and fully engaged," actively addressing key differences. Progress seems to be smooth, but there is still no clear timetable for the release of the draft. Meanwhile, the Agriculture Committee's draft 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 this Wednesday with the two principal drafters of the bill — Agriculture Committee Chair John Boozman (Republican-Arkansas) and Senator Cory Booker (Democrat-New Jersey). After the meeting, he stated that he was "encouraged by the progress" and looked forward to seeing a "bipartisan draft" "soon."

Evidently, the Senators' previous target of pre-Thanksgiving deliberation is becoming increasingly unrealistic, and a December deliberation now appears more likely. However, as is the norm in the U.S. Congress, everything is subject to change and uncertainty.