U.S. Senate Banking Committee postpones markup of crypto market structure bill… “Bipartisan talks continue”

The U.S. Senate Banking Committee has decided to postpone its markup of a crypto market structure bill.

Committee Chairman Tim Scott said in a statement on the 15th (local time) that “as bipartisan negotiations continue, we have decided to postpone the committee markup of legislation on digital-asset market structure.”

Scott explained that he has “been in discussions with the crypto industry, the financial sector, and colleagues on both sides of the aisle, and everyone remains at the table in good faith.” He added that “this bill is the result of months of serious bipartisan negotiations and reflects substantive input from innovators, investors, and law enforcement.”

He also said the goal is “to protect consumers, strengthen national security, and provide clear rules so the future of finance can be built in the United States.”