The chairman of the Banking Committee indicated Friday evening that he is moving forward, though the Agriculture Committee remains hopeful for a bipartisan version.

Senate Democrats have not abandoned the negotiation table for legislation to eventually regulate the US crypto business, but tensions are clear as a new proposal is rushed through as the weekend approaches.

Senator Tim Scott, head of the Senate Banking Committee, announced Friday evening that the industry will receive a long-awaited markup next week. Its bill-writing counterpart, the Senate Agriculture Committee, is attempting to coordinate a committee vote, though the top Democrat negotiator on that body is unsure.

Scott, for his part, claimed that they’ve had “months of serious, bipartisan work” to get this far, and now “it’s time to move this forward” with a markup hearing on January 15 – a session in which members can review amendments before deciding whether to take the bill to the full Senate. However, he will need an actual law to work on before next week, so staff has started churning out the language.

Senator Cynthia Lummis, the top Republican negotiator, teased the process on Friday by publishing an image of what looks to be the first page of the Working Draft of the Responsible Financial Innovation Act. Her post, which stated that she had some reading to do, hints that the draft text is coming together.

According to people involved with the negotiations, a recalcitrant Senator Cory Booker, a New Jersey Democrat who has led his party’s Agriculture Committee talks with Republican Chairman John Boozman, may wind up delaying the panel’s proposal for next week. A Booker aide directed CoinDesk to Boozman’s office on the timing of the markup.

“Chairman Boozman remains committed to advancing a bipartisan bill, and good-faith discussions are continuing,” a committee spokeswoman told CoinDesk in a statement.

To get the Senate to pass a package that President Donald Trump can sign into law, proponents must keep seven Democrats on board. Though the legislative talks had been going on for months, some of the Democrats’ main objectives had still to be met, including the measure prohibiting senior government officials from benefitting from the crypto industry, most notably Trump, who is highly invested in the crypto sector.

Senator Ruben Gallego, one of the major Democratic members in the talks, told Punchbowl that this requirement is a red line that must be met before he will accept the final product. “They need to get it right, or they’re not going to have enough votes to pass this thing,” Gallego was quoted as saying.

Though tensions between the parties remain high, the fact that they have maintained bipartisan talks to draft legislation is a remarkable sign of broad legislative support for taking action on cryptocurrency. Crypto experts are still pleased by the seriousness of Democrats who have remained at the table, despite opposition from others in the party to work on digital asset legislation.

“It’s important for folks to realize that the Democrats have been putting so much time and effort into this,” said Talia Davis, vice president for government affairs at the DeFi Education Fund, in an interview with CoinDesk.

If the two committees pass related crypto market structure proposals, the legislation will be united for a full Senate vote. That bill is likely to easily pass the House of Representatives and become law. However, the Senate’s Democratic support remains uncertain.

Aside from the conversations between Democrats and Republicans, the crypto business has been at odds with traditional financial lobbyists, who have opposed stablecoin yield and decentralized finance (DeFi) protections. As a result, the pending proposal from the Banking Committee may address many issues while perhaps disappointing key players required for final passage.