U.S. Senate Banking Committee postponed its crypto market structure meeting following a major compliance platform's withdrawal of support for the proposed legislation. In a statement, the exchange cited concerns after conducting a comprehensive review of the Senate Banking draft text over the past 48 hours, concluding they cannot endorse the bill in its current form. The decision highlights growing tensions between regulators and key crypto trading platforms over market framework proposals. This development signals potential friction in the legislative process for cryptocurrency market regulation in the United States.