According to CoinDesk, on January 30, the U.S. Senate Agriculture Committee officially advanced the Crypto Market Structure Act with a partisan vote of 12-11, which is an important milestone for the bill in the Senate. However, the bill still needs approval from the Senate Banking Committee and broader Democratic support before it can finally pass. "After months of work, we have made significant progress, and now is the time to move forward with this process," said John Boozman, chair of the committee. Democrats expressed their desire to continue negotiations to reach a bipartisan consensus version. The White House plans to hold a meeting next week to seek a common position between the crypto industry, the banking industry, Republicans, Democrats, and the administration.