Senate Banking Committee Chair Sen. Tim Scott (R-S.C.) said late Wednesday that the committee is delaying the markup of cryptocurrency market structure legislation amid opposition from industry figures.
‘Brief Pause’ To Establish Consensus
Scott said in a statement that the committee is taking a “brief pause” before moving to markup and that all stakeholders involved are “working in good faith.”
David Sacks, the White House Crypto Czar, said that the passage of the market structure legislation is “as close as it’s ever been” and urged the industry to use this pause to sort out the differences.