The U.S. Senate is racing to meet its year-end legislative goals, with Senator Moreno calling cryptocurrency bill negotiations "quite frustrating."

[U.S. Senate Races to Meet Year-End Legislative Goals, Senator Moreno Calls Crypto Bill Negotiations “Quite Frustrating”] In recent weeks, negotiations over a comprehensive regulatory bill for the crypto industry have been “quite frustrating,” said Ohio Republican Senator Bernie Moreno. Democrats and Republicans are scheduled to meet on Tuesday. Although U.S. lawmakers passed a stablecoin regulatory bill earlier this summer, they continue to face resistance on a more comprehensive crypto market structure bill—which aims to clarify regulatory responsibilities between the SEC and CFTC and implement consumer protections.

At the Blockchain Association Policy Summit held in Washington, D.C. on Monday, Moreno outlined what should be included in this broader legislation. “I don’t want to push through a bad bill just to show off that we passed something,” Moreno said, adding, “Sometimes having no deal is better than reaching a bad deal.”

Moreno plans to meet with Democrats on Tuesday morning. “We’ll see what they think, but it really has been quite frustrating these past few weeks,” he said.

Both chambers of Congress—the House and the Senate—have different versions of the market structure bill, which still need to be reconciled.