A key dispute is over language on whether officials, including President Trump, can profit from crypto. Senators Tillis and Gallego reportedly drafted revisions.
Open items include how stablecoin yield or reward payments should be handled under the bill, one of several threads still unresolved.
Law-enforcement and anti-illicit-finance provisions are also part of the negotiation, adding to the list of items senators want settled first.
It is not one-sided. Senators Jerry Moran and Josh Hawley signaled they would vote no unless banking-related concerns are addressed.
With Democrats withholding a time deal and some Republicans objecting, reporting says it is unclear the bill has even 50 votes, far short of 60.
Watch whether the ethics, yield and banking disputes produce a deal before mid-September. The text has not changed; the disagreements have not gone away.
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