According to CoinMeta, Wu said that the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, expressed a desire for Congress to expedite the process of passing the bill and send it to President Trump for his signature as soon as possible. At the same time, the SEC is continuing to develop regulatory rules suitable for the blockchain and crypto asset markets. The U.S. Senate has scheduled September 15th as a key procedural vote on the bill, requiring 60 votes to advance it to formal consideration. Even if legislation continues to face obstacles, regulators are still planning to use their existing authority to advance the framework for regulating the crypto market.