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The U.S. Senate postponed the bill on the structure of the crypto market until December.
According to Crypto in America, the U.S. Senate is currently drafting two different versions of a bill regarding the structure of the crypto market. Initially, lawmakers intended to hold a session to review and finalize the bill before Thanksgiving, but this session may be postponed until December as discussions are still ongoing.
The delay reflects the complexities in balancing regulation and innovation in the rapidly evolving digital asset space. White House cryptocurrency and artificial intelligence advisor David Sacks stated that after discussions with Senators John Boozman and Cory Booker, he remains optimistic about the upcoming bipartisan draft. The two parties are reportedly moving towards establishing clearer regulations for exchanges, stablecoins, and digital asset custody.