The US Senate Banking Committee has called off its planned Thursday markup of a crypto market structure bill, saying more time is needed to continue negotiations.
Committee Chair Tim Scott said late Wednesday that the markup was being postponed to allow for further bipartisan talks aimed at building broader support for the legislation.
“I’ve spoken with leaders across the crypto industry, the financial sector, and my Democratic and Republican colleagues, and everyone remains at the table working in good faith,” Scott said.
He added that the bill is the product of months of bipartisan work and input from innovators, investors, and law enforcement, with the objective of establishing clear regulatory guardrails that protect consumers, bolster national security, and keep the future of finance rooted in the United States.
The delay follows a similar move by the Senate Agriculture Committee, which on Monday deferred its own markup of the bill—also scheduled for Thursday—until later this month.
Senate Agriculture Committee Chair John Boozman said the panel needed additional time to finalize outstanding details and secure the broad support required to advance the legislation.
