The Senate committee is striving to finalize the market structure legislation draft for review in December.

[Senate committees strive to finalize market structure legislation draft before review in December] According to Crypto In America, U.S. Senate staff are racing against time to complete the market structure legislation draft before Thanksgiving. It seems that the goal of the Senate Agriculture Committee and the Senate Banking Committee is to have the relevant bills ready for review by early December. House Agriculture Committee Chairman John Boozman (R-Ark.) expressed his commitment to achieving this timeline and noted that the government shutdown has delayed his original plan to review the bill this week. House Banking Committee Chairman Tim Scott (R-S.C.) had originally planned to complete the review of the banking bill by the end of September, but he has yet to announce when the portion of the draft under his committee's responsibility will be submitted for a vote. The text of the draft has not been made public since it became a bipartisan product after last month's bipartisan roundtable discussions on Capitol Hill, and it remains unclear whether it can be released before the Thanksgiving holiday. The draft leaves several key blanks, including how to regulate decentralized finance (DeFi), and some wording in parentheses has yet to be approved by lawmakers. If each committee can complete its review separately next month, the two bill texts will be merged into a single piece of legislation and submitted for a vote by the full Senate. However, with the holidays and year-end approaching, many expect that the voting process and the final passage of the market structure bill will be postponed to next year's session, and the focus in the second half of next year will mainly be on the midterm elections.