Crypto Market Structure Bill: U.S. Lawmakers Meet Cryptocurrency Leaders to Push Regulation Amid Shutdown Delay

COINOTAG News reported on October 23, citing Bloomberg that more than a dozen cryptocurrency industry leaders met with bipartisan U.S. lawmakers for nearly three hours to discuss the Crypto Market Structure Bill. The measure aims to establish a clear cryptocurrency regulatory framework and was originally slated for debate later this month. The ongoing U.S. government shutdown has delayed progress, injecting further uncertainty into the sector’s regulatory timeline.

In the initial 90-minute session with Democrats, with Senate Majority Leader Chuck Schumer briefly in attendance, lawmakers asked pointed questions on illicit finance safeguards and the impact on DeFi ecosystems, seeking practical guidance from the industry reps.

A subsequent, just-over-one-hour meeting with Republican lawmakers yielded expressed support for both the industry and the bill, signaling a potential cross-party path forward once funding constraints are resolved.