Talks between Republicans and pro-crypto Democrats on a DeFi regulation draft have stalled, casting doubt on passage this year as lawmakers prioritize avoiding a shutdown.
A U.S. Senate bill aimed at creating clear cryptocurrency regulations has stalled following strong industry backlash to a leaked draft on DeFi regulation in early October. Negotiations between Republicans and pro-crypto Democrats have ceased, making passage before the year's end unlikely as Congress prioritizes preventing a government shutdown.