U.S. Senate delays crypto market structure bill amid industry and political rifts
Summary:
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Senate Banking Committee cancels crypto bill markup
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Coinbase withdraws support, exposing deeper divisions
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Stablecoin rewards and ethics rules key sticking points
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Bill aimed to define U.S. crypto regulatory framework
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Bitcoin trades slightly lower on renewed uncertainty
The U.S. Senate Banking Committee has cancelled its planned markup of a sweeping crypto market-structure bill, delaying what was set to be the Senate’s first major legislative vote on comprehensive digital-asset regulation after months of negotiations.
Committee chairman Tim Scott said talks were continuing, but confirmed that the legislation would no longer be taken up as scheduled and that no new date had been set. The setback follows public opposition from Coinbase,…
