Wu said that the chairman of the U.S. Senate Banking Committee, Tim Scott, issued a statement indicating that there will be a "brief pause" before the crypto market structure bill moves into the markup phase. He pointed out that he has communicated with leaders in the crypto industry, the financial sector, and bipartisan colleagues, and that all parties remain at the negotiating table in good faith. David Sacks, head of the White House's artificial intelligence and crypto affairs, stated that the bill is closer to passing than ever before, and that the industry should use this pause to resolve remaining differences. Sacks emphasized that the White House remains committed to working with Senate Banking Committee Chairman Scott, members, and industry stakeholders to pass bipartisan-supported cryptocurrency market structure legislation as soon as possible.