U.S. lawmakers are working behind the scenes on crypto market oversight. Senate Agriculture Committee Chair John Boozman may postpone the January 15 markup session for a proposed crypto market-structure bill—giving more time for bipartisan negotiations with Senator Cory Booker. The real challenge? Ironing out jurisdictional conflicts between federal regulators. Both the SEC and CFTC are preparing parallel committee votes on related measures, and getting these agencies on the same page matters for the bill's viability. Booker and Boozman have been in talks to find common ground on which regulator gets authority over what. No final decision yet on whether the markup gets pushed back, but the signals suggest lawmakers want to avoid a messy regulatory turf war when the votes happen. This could reshape how crypto derivatives, spot trading, and custody are governed in the U.S. market.