U.S. Senate negotiations over a significant cryptocurrency bill remain unresolved ahead of a scheduled procedural vote. While Republicans are pressing forward, Democrats are calling for a delay, highlighting the complex and politically sensitive nature of digital asset legislation under President Donald Trump’s administration.
Senate Talks on Crypto Legislation Stall Before Critical Vote
No Deal Reached in Eleventh-Hour Discussions
Senators left a closed-door meeting Wednesday night without finalizing an agreement on a pivotal cryptocurrency regulation bill. Despite intensive negotiations, no legislative text was presented for broader review, casting uncertainty over the bill’s immediate future.
Republicans Push Forward Despite Stalemate
Thursday Vote Still Scheduled
According to GOP aides, Republicans intend to move forward with the planned procedural vote on Thursday at 1:45 p.m. ET. This decision comes despite Democratic calls for a delay to allow more time for discussion and analysis of the proposed legislation.
Democrats Call for Caution and Transparency
Limited Time to Review Complex Policy
Democratic Senators, including Kirsten Gillibrand of New York and Ruben Gallego of Arizona, expressed concern about the tight timeline and lack of transparency. Gillibrand noted uncertainty about Thursday’s outcome, stating that leadership now holds the reins.
Bipartisan Efforts Under Pressure
Negotiators Still Working Late Into the Night
Lead sponsor Senator Bill Hagerty (R-Tenn.) and other pro-crypto lawmakers continued behind-the-scenes work to bridge gaps between parties. Hagerty requested “radio silence” from colleagues, indicating that discussions remain delicate and incomplete.
Legislative Urgency vs. Political Reality
Compressed Timeline Challenges Deliberation
If a last-minute deal is reached, lawmakers not directly involved in crafting the bill may have insufficient time to analyze its implications. The bill covers intricate digital asset policies that require careful scrutiny, further complicating the legislative path.
Crypto Policy Under Trump’s Administration
New Regulatory Landscape Takes Shape
The ongoing discussions are part of broader efforts to establish a national crypto regulatory framework under President Donald Trump’s administration. With digital finance gaining momentum, the outcome of this vote could shape how the U.S. governs crypto markets for years to come.
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