The U.S. Senate Banking Committee is nearing the finalization of a draft bill aimed at regulating the cryptocurrency market. This draft, expected to be presented this month and potentially voted on by the full Senate by year-end, incorporates input from industry experts and lobbying groups, marking the first substantial involvement of the Democratic party in this process. Meanwhile, an internal investigation at the Securities and Exchange Commission (SEC) revealed that former Chairman Gary Gensler’s text messages from October 2022 to September 2023 were accidentally deleted due to technical errors. These messages contained crucial information related to crypto enforcement, banking, and coordination with the White House. As a result, the SEC has temporarily disabled text messaging for employees and provided enhanced training on record-keeping practices.