The impetus being given to the US crypto market bill has now faced another roadblock. The Senate members have decided to postpone their bill markup schedules from this Thursday to the last part of January.
According to a report from Eleanor Terrett, the US Senate has deferred a markup meeting to consider the new proposal. The postponement has been confirmed by the Chairman of the Agriculture Committee in the United States Senate, Senator John Boozman.
The move means that the agriculture committee markup would not be held on the same date as scheduled for the Senate Banking Committee meeting. Theirs is still set to happen.
According to observers, the postponement brings forward the fear of the lawmakers that if the crypto market bill moves too quickly before the Democratic lawmakers’ backing becomes solid, it may fail when it hits the Senate floor.
The Banking Committee retains its jurisdiction over the security-related aspects of crypto regulations. However, both committees need to come to a consensus before the bill proceeds.
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