Negotiations between the two parties in the U.S. Senate regarding Crypto Assets regulation have stalled.

According to ChainCatcher news, the legislation aimed at establishing clear regulatory rules for the crypto assets industry has encountered obstacles in the Senate, making the path for the bill increasingly unclear. A draft referred to as the “Preliminary Proposal for Decentralized Finance Regulation” submitted by Senate Democrats in early October was leaked, facing strong opposition from the crypto assets industry. Negotiations this month are currently at a standstill, with talks between Republicans and pro-crypto Democrats derailing. The U.S. Congress is busy dealing with the government shutdown issue, raising doubts about the bill's chances of passing before the end of the year.