US lawmakers to meet with Trump's crypto czar, discuss bill: Report
06.11.2025
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Discussions over the digital asset market structure bill currently being considered in the US Senate are reportedly still happening amid the longest government shutdown in the country's history.
π¨ Crypto Bill Drama: Gov Shutdown Can't Stop These Talks
The digital asset market structure bill is still getting love from Senate lawmakers even as the US government hits day 36 of its longest shutdown ever. This ain't stopping the crypto policy grind.
Republican Senator John Boozman from the Senate Agriculture Committee is reportedly linking up with White House crypto and AI czar David Sacks and Democratic Senator Cory Booker to hash out the market structure legislation. They're cooking up a discussion draft as we speak.
This market structure bill is the real deal - potentially the most significant crypto legislation to drop this congressional session. It already cleared the House back in July and was supposed to cruise through the Senate with bipartisan support, but things got messy.
The drama? Democrats pushing hard for DeFi protocol provisions while the government shutdown complicates everything. Now the big question: will Senate lawmakers prioritize crypto legislation over getting the government back open and agencies like the SEC and CFTC fully staffed?
After some Democratic wins in Tuesday's elections, senators like Chris Murphy are suggesting holding the line to pressure Republicans on healthcare subsidies and reversing July funding cuts.
β° Timeline Ticking: Can They Beat the Midterm Clock?
North Carolina Senator Thom Tillis dropped the reality check last week: lawmakers have until "the first part of January, February" to pass crypto legislation before the 2026 midterm elections turn everything into political chaos.
Wyoming Senator Cynthia Lummis, one of the bill's banking committee sponsors, originally planned to have this signed into law by year-end. But with the shutdown dragging on, that timeline's looking sus.
"Right now, we're working at the staff level every single day to get the votes necessary in committee to get it out of committee. These are bipartisan discussions. They are down at the granular level. We're making tremendous progress [...]" - Senator Cynthia Lummis
At Ripple's Swell conference in NYC, Patrick Witt - executive director of Trump's Council of Advisors for Digital Assets - confirmed the shutdown has "presented some complications" with market structure talks.
The irony? While lawmakers have more availability due to fewer meetings during the shutdown, they're missing the technical expertise from furloughed agency staff who normally weigh in on this stuff.
#DeFi#legislation#regulation#digital asset market structure#USA
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