US Senate Banking cancels Thursday crypto bill markup amid negotiations

Senate Banking Committee Chairman Tim Scott says further negotiations to garner bipartisan support for a key crypto-regulating bill are needed before it can advance.

The US Senate Banking Committee has cancelled its markup of a crypto market structure bill slated for Thursday, citing the need for further negotiation.

Committee Chairman Tim Scott said late on Wednesday that the committee was postponing its markup of the crypto bill to continue bipartisan negotiations to garner support.

“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,” Scott said.

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