US Crypto Market Structure Bill Negotiations May Be Delayed Until January

December 13, sources familiar with the matter revealed that due to several unresolved key disagreements, negotiations in the U.S. Senate over the “Market Structure Bill” for cryptocurrencies may be delayed until January next year. The bill is currently the most significant lobbying target for the crypto industry, but as the holiday season approaches, negotiations among Democrats, Republicans, the White House, and the crypto industry have yet to reach an agreement. The core issues still to be finalized include: ethical guidelines for government officials’ involvement in digital assets (especially involving Trump himself), whether stablecoins can be linked to yields, the scope of the U.S. Securities and Exchange Commission’s (SEC) authority over token regulation, and the regulatory boundaries of decentralized finance (DeFi). Despite these disagreements, the pace and intensity of Senate negotiations remain high, and industry lobbyists are still hopeful that the bill will enter formal committee review in the coming weeks.