Negotiations on the U.S. cryptocurrency market structure bill continue and may be postponed until next year

The negotiations in the U.S. Senate regarding the cryptocurrency market structure bill may be delayed until next year for substantial progress due to several unresolved points of contention.

The legislative text has been circulated privately among industry insiders, and industry executives briefly reviewed the current draft during a White House meeting on Thursday, hosted by President Donald Trump's cryptocurrency advisor Patrick Witt. The negotiations involve Senate Democrats, Republicans, the White House, and the cryptocurrency industry, with four major points of disagreement still to be resolved. These disagreements include ethical standards for government officials' involvement in digital assets, particularly the involvement of President Donald Trump, whether stablecoins should be tied to yields, and the U.S. Securities and Exchange Commission's (SEC) jurisdiction over tokens and its authority over decentralized finance (DeFi).

Patrick Witt posted on the X platform that the White House and Senate Republicans "are aligned on the need to protect software developers and DeFi." Despite the disagreements, the intensity and pace of the negotiations remain high. Digital Chamber CEO Cody Carbone stated that there is a genuine desire and motivation among all parties to complete the legislation, with actual progress expected early next year.