In brief
- Lawmakers said talks were continuing with industry, regulators and law enforcement, despite the delay.
- Coinbase and other industry voices have pulled back support, warning the draft could create new uncertainty for developers and user access.
- Critics argue provisions expanding enforcement powers and transaction controls could undermine consumer trust in digital-asset markets.
The Senate Banking Committee has delayed markup of a bipartisan crypto market structure bill, adding to earlier postponements by the Agriculture Committee and extending uncertainty around the legislation’s timeline.
Announced late Wednesday, Senate Banking Committee Chair Tim Scott issued a statement saying he had spoken with leaders across the crypto…
