The U.S. Senate Agriculture Committee unveiled a crypto market structure bill, showing progress by including provisions related to decentralised finance (DeFi), but the bill's passage remains uncertain due to a lack of Democratic support, The Block reported on Wednesday.

John Boozman (존 부즈먼), chairman of the Senate Agriculture Committee, said, "We have not reached agreement on fundamental policy issues, but the bill has been improved through cooperation." Democrats, however, continue to oppose it, citing crypto businesses involving President Donald Trump and his family and consumer protection issues.

Passing a crypto bill in the Senate requires 60 votes. That would require all Republicans and at least 7 Democratic senators to join. In the Senate Banking Committee, discussions are being delayed as Coinbase withdraws its support over issues including tokenised securities and DeFi regulation. As a result, Senate Banking Committee review of the bill is likely to be postponed for several weeks.

Rebecca Liao (레베카 랴오), CEO of Saga, said, "It is positive that the Senate Agriculture Committee is pushing the bill, but Democrats will try to address conflicts of interest involving President Trump," raising doubts about the bill's chances of passing.