Negotiations between the two parties in the U.S. Senate regarding Crypto Assets regulation have stalled.

On October 22, according to The Hill, legislation to establish clear regulatory rules for the crypto industry has encountered obstacles in the Senate, making the path forward for the bill increasingly unclear. A draft known as the “Decentralized Finance Regulatory Framework” submitted by Senate Democrats in early October was leaked and faced strong opposition from the crypto industry. Negotiations this month are currently at a standstill, with negotiations between Republicans and Democratic supporters of crypto derailing. The U.S. Congress is busy dealing with the government shutdown issue, and the likelihood of the bill being passed before the end of the year is in doubt.

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