Negotiations in the US Senate over a crypto market structure bill may be delayed until January due to unresolved disagreements. The legislative text has been circulating privately among industry insiders, and industry executives briefly reviewed the current draft at a White House meeting on Thursday, chaired by Patrick Witt, crypto advisor to President Donald Trump. The negotiations involve Senate Democrats and Republicans, the White House, and the crypto industry, and four major points of contention remain. These include ethical considerations for government officials involved in digital assets, particularly President Donald Trump's involvement; whether stablecoins should be pegged to yield; and the Securities and Exchange Commission's (SEC) jurisdiction over tokens and decentralized finance (DeFi). Patrick Witt stated on the X platform that the White House and Senate Republicans are "aligned on the need to protect software developers and DeFi." Despite the disagreements, the intensity and pace of the negotiations remain high. Cody Carbone, CEO of Digital Chamber, stated that all parties have a genuine desire and motivation to complete the legislation, and tangible progress is expected early next year.