A renewed focus on the Market Structure Bill in the U.S. Senate is facing a potential delay, according to informed sources. With several key disputes unresolved, progress may slip into January as lawmakers balance holiday schedules with heightened lobbying from the crypto sector. The negotiations reflect a multi‑party dynamic among Democrats, Republicans, the White House, and industry participants, underscoring the bill’s central role in crypto regulation.
Outstanding items include the scope of government involvement in setting ethical standards for digital assets, whether stablecoins may be linked to yields, the SEC authority over token regulation, and the regulatory perimeter of DeFi. Final alignment on these points will shape the broader policy framework for crypto regulation.
Industry lobbyists remain hopeful that the bill advances to formal committee consideration in the coming weeks, signaling a potential restart after the holiday pause and a clearer timetable for market participants.