Bipartisan negotiations in the U.S. Senate on cryptocurrency regulation have stalled
ChainCatcher reported that legislation aimed at establishing clear regulatory rules for the cryptocurrency industry has encountered obstacles in the Senate, making the path forward for the bill increasingly uncertain.
At the beginning of October, a draft referred to as the "Preliminary Proposal for Decentralized Finance Regulation" submitted by Senate Democrats was leaked, sparking strong opposition from the cryptocurrency industry. Negotiations this month have stalled, and talks between Republicans and crypto-supporting Democrats have derailed. As the U.S. Congress is busy dealing with the government shutdown issue, the likelihood of this bill passing before the end of the year is in doubt.
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