Negotiations on the US crypto market structure bill may be delayed until January next year.

According to Mars Finance, on December 13th, sources revealed that negotiations in the US Senate regarding the cryptocurrency "Market Structure Act" may be delayed until January due to unresolved key disagreements. This bill is currently the crypto industry's most crucial lobbying target, but as the holiday season approaches, the multi-party bargaining between Democrats, Republicans, the White House, and the crypto industry has yet to reach an agreement. Key issues still to be finalized include: ethical guidelines for government officials' involvement in digital assets (especially concerning Trump himself), whether stablecoins can be linked to yield, the SEC's authority in token regulation, and the regulatory boundaries of decentralized finance (DeFi). Despite these differences, the pace and intensity of Senate negotiations remain high, and industry lobbyists remain hopeful that the bill will enter the formal committee review stage in the coming weeks.