Key Concerns Delay Crucial US Crypto Bill, Shifting Vote to January

crypthub

4 days ago

Bill Delay Overview

The U.S. crypto bill, meant to set a unified market framework, will likely miss a vote until January. Senate talks stalled, pushing negotiations into the year‑end recess. The delay underscores how hard it is to regulate a fast‑moving finance‑tech sector.

Key Sticking Points

Three core issues block the bill: stricter ethics rules for officials, the status of interest‑bearing stablecoins, and SEC authority over DeFi. The White House rejected tighter conflict‑of‑interest measures, and lawmakers remain split on stablecoins. Defining the SEC’s jurisdiction is the most contentious, with industry fearing limits on decentralized protocols.

Industry Response and Outlook

Stakeholders, like Digital Chamber CEO Cody Carbone, say talks continue and expect progress in January. The delay is seen as a tactical pause, not a collapse of negotiations. A compromise could set a global precedent and unlock further industry growth.