Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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The Senate draft of the "Cryptocurrency Market Structure Act" is still pending review and may be delayed until December.
2025-11-07 13:01

According to Odaily Planet Daily, the Senate version of the "Cryptocurrency Market Structure Act" is still incomplete, and the US Senate may continue deliberations this weekend. Once the government reopens, the Senate Banking Committee and Agriculture Committee can immediately begin planning the review dates for their respective versions of the market structure bill. An industry source involved in the bipartisan discussions on the Banking Committee revealed that all relevant personnel have been "working tirelessly" this week, resolving key differences around the clock. Progress appears to be smooth, but there is still no clear timetable for when the draft bill will be released.

White House cryptography and AI director David Sacks spoke Wednesday with the bill's two lead authorship members: Agriculture Committee Chairman John Boozman (Republican, Arkansas) and Senator Cory Booker (Democrat, New Jersey). After the call, he said he was "encouraged by the progress" and looked forward to seeing a bipartisan draft bill "nearly." (Crypto In America)