Senate Banking Committee Postpones Crypto Market Structure Bill Markup

Source: CryptoNewsNet Original Title: Senate Banking Committee cancels crypto market structure markup Original Link: The U.S. Senate Banking Committee will no longer be marking up its crypto market structure bill Thursday, after a major crypto exchange publicly withdrew its support for the legislation on Wednesday and other rifts in the negotiation had already put it on unsteady footing.

The market structure bill, aimed at defining how federal regulators oversee the U.S. crypto industry, was postponed late Wednesday and a new date was not set, according to a statement from committee Chairman Tim Scott.

“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 in a statement. “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.”