Negotiations in the U.S. Senate over a long-awaited crypto market structure bill are increasingly likely to extend into January as lawmakers head toward the holiday recess with key issues unresolved.
The legislation, viewed by the digital asset industry as its top policy priority, remains under active discussion but has not yet reached consensus among Democrats, Republicans, the White House and industry stakeholders.
Draft legislative language has been circulating privately among industry executives and policymakers, reflecting progress but also highlighting remaining divisions.
According to sources familiar with the talks, parts of the draft were briefly presented during a White House meeting led by President Donald Trump’s crypto adviser, Patrick Witt.
Industry representatives who reviewed the material have not formally endorsed the current approach, underscoring the preliminary nature of the text.
As many as four major policy disagreements continue to slow progress and complicate bipartisan support.