The Senate Banking Committee chair has put the brakes on crypto market structure legislation this week, keeping the door open for ongoing negotiations. A major exchange initially stepped back from supporting the proposal, citing unresolved concerns about implementation details. However, key lawmakers pushing for the framework remain committed—behind-the-scenes talks between both parties continue as stakeholders push for regulatory clarity that could reshape how digital assets are traded and overseen in the U.S. market. Whether these discussions yield a compromise that satisfies both regulators and industry players remains to be seen, but the momentum toward structured oversight shows no signs of disappearing.