The bipartisan negotiations in the U.S. Senate on cryptocurrency regulation have stalled

BlockBeats News, October 22nd, according to The Hill report, legislation aimed at establishing clear regulatory rules for the cryptocurrency industry is facing obstacles in the Senate, and the path to advancing the bill is becoming increasingly uncertain. A draft legislation called the "Decentralized Finance Regulation Framework," submitted by Senate Democrats at the beginning of October, was leaked and met with strong opposition from the cryptocurrency industry. The progress of negotiations this month is currently at a standstill, with discussions derailing between Republicans and Democrats supporting cryptocurrency. The U.S. Congress is busy addressing the government shutdown issue, casting doubt on the possibility of the bill being passed before the end of this year.