The Senate draft of the "Cryptocurrency Market Structure Act" is still incomplete, and the review process may be postponed until December

According to Crypto In America, the Senate version of the "Cryptocurrency Market Structure Bill" draft is still incomplete, and the U.S. Senate may continue to meet for discussions this weekend. Once the government resumes, the Senate Banking Committee and the Agriculture Committee can immediately begin planning their respective versions of the market structure bill's review dates.

An industry insider involved in the bipartisan discussions of the Banking Committee revealed that all relevant parties are "working hard and fully committed" this week, tirelessly addressing key disagreements. Progress seems to be smooth, but there is still no clear timeline for when the draft will be released. Meanwhile, the Agriculture Committee's draft remains in flux. Last week, several sources indicated that the bipartisan version was close to finalization, with the text possibly being published as early as this week.

White House crypto and AI director David Sacks spoke with the two main authors of the bill—Agriculture Committee Chairman John Boozman (Republican-Arkansas) and Senator Cory Booker (Democrat-New Jersey)—on Wednesday. After the call, he expressed that he was "encouraged by the progress" and looked forward to seeing a bipartisan joint draft "soon."

Clearly, the senators' earlier goal of reviewing the bill before Thanksgiving has become increasingly unrealistic, and a December review now seems more likely. However, as is customary in the U.S. Congress—anything is subject to change.