ChainThink report, December 11: According to The Hill, senators are striving to resolve key regulatory disagreements within the cryptocurrency industry legislation during the final working days of this year, aiming to advance the bill out of committee after months of negotiations. Despite Democratic colleagues still seeking revisions to the draft text and lawmakers nearing their departure for holiday recess, Republicans remain determined to move forward with deliberations on cryptocurrency market structure legislation next week.

A source familiar with the progress of market structure legislation stated: "Time is tight. Realistically, there are only about 48 hours left to determine whether the bill can proceed next week."

Cynthia Lummis (R-WY), the primary architect of cryptocurrency legislation, said Tuesday that her goal is to release an updated draft she considers "our best outcome to date" by the weekend, followed by markup proceedings next week. Speaking at the Blockchain Association Policy Summit, she remarked: "I believe we've reached the point where it's best to put forward a proposal for markup next week, then allow everyone to take a breather and recharge during the Christmas holiday."