According to reports, many U.S. senators are working to advance a cryptocurrency market structure bill amid an ongoing government shutdown with no end in sight.

According to a report released by Bloomberg on Thursday, several Senate Republicans, including members in key leadership positions on committees, plan to pass digital asset market structure legislation by the end of the year according to the initially announced timeline.

Notably, despite the government shutdown forcing thousands of government employees across multiple agencies to take leave, members of Congress continue to receive their salaries and are allowed to conduct normal business in the House and Senate.

Senate Agriculture Committee Chairman John Boozman stated that he is negotiating with Democrats to release a bipartisan bill on market structure "very, very quickly," aiming for legislative passage before 2026. Other members of the Senate Banking Committee (another body that needs to approve the bill once it is ready) have initiated bipartisan discussions, with an announcement of an agreement expected in the coming weeks.

This legislative struggle began with the passage of the CLARITY Act in the House. After the bill was passed in July as part of the Republican "Cryptocurrency Week" initiative, Senate party leaders indicated they would create their own version of a cryptocurrency market structure bill based on it, named the Responsible Financial Innovation Act.

Wyoming Senator Cynthia Lummis, one of the staunchest supporters of the bill, stated in August that she hoped the legislation would be reviewed by the Agriculture Committee by the end of September and approved by the Banking Committee by the end of October, with expectations that U.S. President Trump would sign it into law before 2026. Currently, one committee's deadline has passed, while achieving the other timeline during the government shutdown seems nearly impossible.

This push in Congress follows Coinbase CEO Brian Armstrong's visit to lawmakers in Washington, D.C. last week. Armstrong stated that the Senate is "working hard" to advance the bill and has reached consensus on about 90% of the issues related to cryptocurrency in the legislation.

Related: The Federal Reserve hints at the "end of quantitative tightening": What does this mean for Bitcoin (BTC) prices?

Original: “Reportedly, during the U.S. government shutdown, lawmakers are still advancing the market structure bill”

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