Overview
- The House passed the market-structure bill in July, and Senate committees such as Agriculture still need to review it before a floor vote.
- Republican John Boozman and Democrat Cory Booker intend to confer with Sacks on the Senate version’s contours and timing.
- Furloughs at agencies including the SEC and CFTC have limited technical input, slowing drafting and committee communications.
- Negotiations remain focused on trading rules, SEC–CFTC jurisdiction and contentious DeFi provisions that have stalled bipartisan agreement.
- Policy experts say enactment this year looks unlikely, even as Patrick Witt says President Trump wants the bill on his desk by year‑end.