Bill Postponed for Further Negotiation
The US Senate Banking Committee has cancelled its markup of a crypto market structure bill that was scheduled for Thursday, citing the need for additional negotiation.
Committee Chairman Tim Scott announced late on Wednesday in Washington, DC, that the committee is postponing the markup of the crypto bill to continue bipartisan negotiations aimed at garnering further support.
Statements on Bipartisan Efforts
“I’ve spoken with leaders across the crypto industry, the financial sector, and my Democratic and Republican colleagues, and everyone remains at the table working in good faith,” said Scott.
He added, “This bill reflects months of serious bipartisan negotiations and real input from innovators, investors, and law enforcement. The goal is to deliver clear rules of the road that protect consumers, strengthen our national security, and ensure the future of finance is built in the United States.”
Related Developments
This delay follows a similar postponement by the Senate Agriculture Committee, which on Monday punted its markup of the crypto bill, also originally slated for Thursday, to the end of the month.
Republican Senate Ag Chairman John Boozman stated that the committee needed to “finalize the remaining details and ensure the broad support this legislation requires.”