Progress on comprehensive US crypto regulation slowed after the Senate Banking Committee canceled a scheduled markup of a key digital asset bill. Lawmakers signaled that additional bipartisan negotiations are required before the legislation can move forward, underscoring ongoing divisions over how crypto markets should be regulated.
Crypto Bill Markup Postponed Amid Ongoing Talks
The markup, originally planned for Thursday, was delayed as committee leadership emphasized the need to secure broader political backing. Senate Banking Committee Chairman Tim Scott confirmed that negotiations are still underway, involving lawmakers from both parties as well as representatives from the crypto and financial sectors. According to Scott, discussions remain active and focused on reaching common ground.
Focus on Consumer Protection and Market Clarity
The proposed legislation aims to establish clear regulatory standards for digital asset markets, addressing long-standing uncertainty around oversight, consumer protection, and national security concerns. Supporters argue that a unified framework would provide the certainty needed for innovation while ensuring stronger safeguards for investors.
The delay follows a similar move by another Senate committee earlier in the week, which also postponed its review of the bill to allow more time for revisions. These developments suggest lawmakers are taking a cautious approach, prioritizing consensus over speed.
While no new timeline has been set, the bill remains under active negotiation, with committee leaders indicating that progress depends on achieving durable bipartisan support before advancing to the next stage.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.