Republican Sen. Bernie Moreno expressed frustration over the slow progress of negotiations for a comprehensive crypto market structure bill. He emphasized the importance of avoiding poorly crafted legislation and mentioned upcoming discussions with Democrats to address jurisdictional issues between regulatory agencies.

Twelve Senate Democrats are urging their Republican counterparts to establish a bipartisan authorship process for crypto market structure legislation, emphasizing collaboration rather than merely commenting on a GOP-drafted bill. They are advocating for a more significant role in shaping the legislation and closer coordination with the Senate Agriculture Committee.