The Democratic Caucus of the U.S. Senate recently resumed negotiations on the Cryptocurrency Market Structure Act. According to informed sources close to the negotiations, the parties held a conference call where congressional representatives and the crypto industry discussed strategies for subsequent progress. The initial vote scheduled for this week was suddenly paused, prompting market speculation. The Democratic Party then stated that their determination to advance the bill remains unchanged. Once the draft version of the bill was disclosed this week, it sparked reactions within the industry—both supportive voices and concerns. How this bill will ultimately be finalized will impact the future regulatory direction of the entire crypto market, and it is worth ongoing attention.