Democratic aides say they are willing to return to the negotiating table, and there is a turning point in the Senate Agriculture Committee's encrypted legislative consultations.

According to Odaily, after negotiations on cryptocurrency market legislation by the Senate Agriculture Committee stalled, a Democratic senator aide said that Democrats remain willing to return to the negotiating table and push for a bipartisan compromise. The aide revealed that at the start of the new year, Democratic members were "somewhat caught off guard" during negotiations because Republicans had drafted a new version of the bill without sufficient consultation and originally planned to proceed directly to the markup process in mid-January. In response, the Democrats hope to resume communication with the team of committee chairman, Republican Senator John Boozman, before this week's vote to strive for a bipartisan consensus. The Senate Agriculture Committee was scheduled to hold a meeting on Tuesday to amend and vote on encryption legislation, but it was postponed to Thursday due to severe weather in Washington. Meanwhile, some Democratic senators are actively pushing for the resumption of negotiations in order to reach a bipartisan agreement on the text before the hearings. The Crypto Markets Structure Act aims to establish a federal-level regulatory framework for digital assets, including clarifying the regulatory division of labor between the SEC and CFTC and related information disclosure requirements. Analysts point out that bipartisan cooperation remains a crucial prerequisite for the smooth progress of legislation, given that both the Senate Banking Committee and the Agriculture Committee are advancing their respective versions of the bill.