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Analysis: The market structure bill draft is still pending, and the review date is expected to be postponed to December.
[Analysis: The market structure bill draft is still pending, with the review date expected to be postponed until December] According to Crypto In America, industry insiders say that all parties have been “working hard” this week, tirelessly addressing key issues. Progress seems smooth at the moment, but it remains unclear when the draft will be visible. Meanwhile, the Senate Agriculture Committee's draft appears to be constantly changing. Last week, multiple sources indicated that the bipartisan bill is close to finalization, with the text expected to be released as early as this week. However, as of now, the text has not been published. David Sachs, the White House's cryptocurrency and artificial intelligence affairs director, spoke on the phone Wednesday with the two main authors of the bill—Senate President John Boozman (Republican, Arkansas) and Senator Cory Booker (Democrat, New Jersey). After the call, he expressed that he was “encouraged by the current progress” and looked forward to seeing a bipartisan draft “in the near future.” Regarding the text of the agriculture bill, one thing we currently know is that it will likely be marked with parentheses indicating the parts that the Republicans and Democrats are still negotiating. These parentheses denote unresolved provisions that may change before the final version of the bill is finalized. Senators had previously hoped to complete the review before Thanksgiving, but it now seems unlikely. The Senate will be in recess next week, and if an agreement can be reached this weekend to reopen the government, there will only be one week of sessions before Thanksgiving. Given the tight timeline, it now appears that the possibility of reviewing in December is greater, but as is customary in Congress, everything is full of uncertainties.