After reviewing the related整理, the overall pace of the bill's推进 has become clear—honestly, this isn't something that can be finalized in the short term, and it’s very likely that we’ll have to wait until after the midterm elections for a definitive answer.

Along the way, I learned an interesting detail: it turns out that the CFTC is actually regulated by the Senate Agriculture Committee. In other words, if BTC were truly incorporated into the CFTC framework, then the regulatory chain for us crypto folks would ultimately point to the Agriculture Committee? This organizational structure sounds quite absurd, but this is the reality of the US regulatory system.