The comprehensive cryptocurrency regulation bill in the U.S. Senate is expected to advance in January, with bipartisan negotiations still ongoing.

【Blockchain Rhythm】The U.S. Senate Banking Committee’s major move on cryptocurrency regulation is coming. According to sources, this comprehensive bill aimed at fully regulating the crypto market is expected to make substantial progress in the new year. Although the outlook remains somewhat uncertain, there appears to be a glimmer of hope.

Democratic and Republican lawmakers met on Tuesday to discuss the details of the bill. Chairman of the Banking Committee, South Carolina Republican Tim Scott, is “pushing forward” — he directly told members and staff that hearings will be held before January 15 to revise and vote on the bill, regardless of whether bipartisan consensus is reached. Reports from Punchbowl News and Breitbart News confirm this schedule.

Scott clearly stated in an interview: “We must put this to a vote in the public record. The past six months have not been wasted; I’ve ensured that every member of the committee has reviewed multiple draft versions. We will vote on the Market Structure Bill next Thursday.” However, sources also pointed out the practical issue — as of Tuesday, the bill may not have garnered enough support from either side. It seems the tug-of-war between the two parties will continue.