A date has been set for cryptocurrency regulation in the Senate.

Final Stages of the Senate Crypto Bill

The United States Senate has brought a bill regarding the structure of the crypto market closer to reality than ever before. The chairman of the Senate Banking Committee stated that the committee would be ready to review the latest draft next week.

However, it remains uncertain how much opposition the Democrats will have to this timeline. There are still significant discussions that need to be resolved between the parties. A negotiation document that emerged after a meeting among senators on Tuesday shows that many Democratic requests have been addressed. However, major concerns regarding the ethical conduct of senior government officials, regulation of Decentralized Finance (DeFi), and interest-bearing stablecoins have yet to be resolved.

This week, representatives from the crypto sector will visit Senate offices to support the negotiations.