The Senate committee strives to finalize the market structure legislation draft for review in December.

According to Golden Finance, Crypto In America reports that U.S. Senate staff are racing against the clock to complete the market structure legislation draft before Thanksgiving. Agriculture Committee Chairman John Boozman (Republican, Arkansas) stated that he is committed to achieving this timeline and noted that the government shutdown has delayed his plans to review the bill this week. House Banking Committee Chairman Tim Scott (Republican from South Carolina) originally planned to complete the review of the banking bill by the end of September, but he has not yet indicated when the draft sections under his committee’s responsibility will be submitted for a vote. Since the draft text became the product of bipartisan negotiations following last month's bipartisan roundtable on Capitol Hill, it has not been made public, and it remains unclear whether it will be released before the Thanksgiving holiday. The draft leaves several key gaps, including how to regulate decentralized finance (DeFi), and some wording in parentheses has not yet been approved by lawmakers. If the respective committees can complete their reviews next month, the two pieces of legislative text will be merged into a single piece of legislation and submitted for a vote by the full Senate. However, with the holidays and the end of the year approaching, many expect that the voting procedures and the final passage of the market structure bill will be postponed to next year's session, with the focus in the second half of next year mainly on the midterm elections.