Progress on US crypto market structure legislation remains uneven as Senate committees navigate political and regulatory disagreements.

While the Senate Agriculture Committee advanced its version of the bill last week without Democratic support, concerns over elected officials owning digital assets continue to stall broader consensus. Meanwhile, the Senate Banking Committee is responsible for defining the Securities and Exchange Commission’s role in overseeing crypto markets.

Lawmakers are expected to eventually merge the two committee bills before a full Senate vote can take place. The White House meeting on stablecoin yield suggests behind-the-scenes negotiations are ongoing — even as a partial US government shutdown adds further complexity to the legislative timeline.