Senate Banking Cancels Crypto Market Structure Bill Markup

The US Senate Banking Committee has canceled the scheduled Thursday markup for a key crypto market structure bill. Committee Chairman Tim Scott announced the postponement, stating that further negotiations are necessary to secure bipartisan support.

Scott confirmed that discussions are ongoing in good faith with industry leaders, financial sector representatives, and colleagues from both Democratic and Republican parties. He emphasized that the bill is the result of months of bipartisan effort aimed at establishing clear regulations to protect consumers, enhance national security, and secure the future of finance in the U.S.

This delay follows a similar postponement by the Senate Agriculture Committee for its related crypto bill markup, which was also pushed back to the end of the month to finalize details and ensure broad legislative support.

(Source：Cointelegraph)