The U.S. Senate Agriculture Committee is about to release the latest text of the cryptocurrency market structure bill

According to Crypto in America, the U.S. Senate Agriculture Committee is expected to release the latest text of its cryptocurrency market structure bill before the end of the workday, in preparation for the committee's review meeting next Tuesday.

The release of this text will reveal key points of bipartisan consensus after two additional weeks of negotiations. The main points of contention in the bill include whether meme coins should be included in the definition of "digital commodities," overall listing standards, the classification of different tokens, the regulatory funding of the Commodity Futures Trading Commission, and ethical clauses. If the Agriculture Committee can reach a strong bipartisan agreement, it may pave the way for similar legislative processes in the Senate Banking Committee.

On the other hand, the Banking Committee's review has not yet set a new date after being postponed last week. Currently, pressure is mainly focused on Coinbase, whose sudden withdrawal of support for the bill led to the suspension of the review. There is now a need to reach consensus with the banking industry on stablecoin revenue provisions to bring all parties back to the negotiating table.

The Executive Director of the White House Crypto Council hinted on social media that delaying legislation could invite stricter regulations from a future government that may be less friendly to cryptocurrencies.