The US Senate plans to hold a meeting to revise the Responsible Financial Innovation Act.

[US Senate to Hold Amendment Meeting on Responsible Financial Innovation Act] According to Mars Finance, after months of delays, the US Senate Banking Committee is expected to advance the review process of a digital asset market regulatory bill. Sources familiar with the matter revealed that the Banking Committee may hold an amendment meeting on the Responsible Financial Innovation Act. This move marks a significant breakthrough in the legislation, which has been slowed by Democratic concerns about decentralized finance and the longest government shutdown in history. Cody Carbone, CEO of the digital asset advocacy group The Digital Chamber, stated that the Senate will hold at least one amendment meeting on pending market structure legislation. In addition, the US Senate Agriculture Committee is also reviewing its version of the market structure bill, which may later be submitted to the full Senate for a vote. This market structure bill, previously passed by the House of Representatives in July under the name "Digital Asset Market Clarity Act," is expected to grant the Commodity Futures Trading Commission (CFTC) more power to regulate digital assets. Early drafts of the Senate bill indicate that the CFTC and the Securities and Exchange Commission (SEC) will collaborate more on cryptocurrency regulation.