Interesting developments in American cryptocurrency legislation. Senate Democrats are rushing to place a call with representatives from the crypto industry on Friday, and it’s clearly not just for show.

It turns out that the Senate Committee on Banking, which was planned for this week to discuss the market structure bill, was suddenly postponed at the last minute. The reason? One of the major crypto exchanges suddenly announced its doubts about the draft, which significantly cooled the enthusiasm. Democrats lost the initiative, and now they’re rushing to fix the situation with an urgent call.

But here’s what’s important: Democrats are clearly not giving up. For the Friday call, representatives will come from both the Banking Committee and the Committee on Agriculture. Plus crypto companies and lobbyists on their side. The agenda is packed.

The key question swirling in everyone’s minds is a compromise on stablecoin reward programs. This point has long been a standstill for the entire process. Republicans, banking lobbyists, crypto companies, and the same Democrats are trying to find a middle ground, but so far without success.

It’s worth noting that the Committee on Agriculture is still planning to hold its hearing on January 27, where amendments will be introduced, discussed, and voted on. Maybe that’s where a breakthrough will happen.

In addition, the candidate for the position of Fed Chair, Kevin Warsh, has come into view—he disclosed cryptocurrency investments in his financial documents. The amount is unclear, but it adds an interesting detail to the overall picture. As Fed Chair, he will be involved in regulating the sector, so his stance matters.

Overall, it seems Democrats are not planning to step back from crypto legislation. The call on Friday is just another round of negotiations. Let’s see what comes of it.