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.
Update (Jan. 15, 4:46 am UTC): This article has been updated to add more information and history regarding the Senate’s bill.
The US Senate Banking Committee has postponed its markup of a crypto market structure bill originally slated for Thursday, citing the need for further talks.
Committee Chairman Tim Scott said in an emailed statement late on Wednesday local time in Washington, DC, that the committee is postponing its markup of the crypto bill to continue bipartisan negotiations to garner support.
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