The Democratic Senate caucus in the United States recently resumed negotiations on the Cryptocurrency Market Structure Act. According to informed sources close to the negotiations, both sides held a conference call where congressional representatives and the crypto industry discussed strategies for subsequent advancement. The initial vote scheduled for this week was suddenly paused, sparking market speculation. The Democratic Party then issued a statement emphasizing their unwavering commitment to advancing the bill. Once the draft version of the bill was disclosed this week, it elicited responses within the industry—both supportive and concerned voices. How this bill will ultimately be finalized will determine the future regulatory direction of the entire crypto market, and it is worth ongoing attention.