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.”
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.As we take a brief pause before moving to a markup, this market structure bill reflects months of…
— Senator Tim Scott (@SenatorTimScott) January 15, 2026
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.
Passage of market structure legislation remains as close as it’s ever been. The crypto industry should use this pause to resolve any remaining differences. Now is the time to set the rules of the road and secure the future of this industry. https://t.co/8tsmW9T1N4
— David Sacks (@davidsacks47) January 15, …Full story available on Benzinga.com
