The US Senate’s Cryptocurrency Market Structure Act remains incomplete as bipartisan negotiations continue following the government’s reopening. Senators now expect deliberations to extend into December as discussions over jurisdiction and DeFi oversight persist. The delay injects new uncertainty into digital markets, affecting major assets like Bitcoin, Ethereum, and stablecoins.
The lawmakers aimed to initially complete the draft before Thanksgiving. However, the debates about the regulatory boundaries between the (CFTC) and the Securities and Exchange Commission (SEC) were so complex that they changed the timeline. The extension was granted after weeks of internal discussions following the government’s shutdown, which had earlier this autumn disrupted the legislative process.
The movement of time hurts market sentiment. The act is regarded by the crypto community as the most important regulatory milestone that could determine the classification and the legal rights of digital assets under US law.
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