Senate Postpones Crypto Bill Vote to End of January for Bipartisan Support

Key Points on the Delay of the Crypto Market Structure Bill:

The crypto market structure bill, initially set for a Jan. 15 review, has been delayed to the end of January.
The delay is due to the Senate Banking Committee needing more time to secure bipartisan support.
Senator Cynthia Lummis emphasized that the bill's text is ready and urged Democrats not to delay further.
Senator John Boozman confirmed the rescheduling and highlighted ongoing bipartisan discussions.
The bill requires 60 votes for passage, necessitating complete bipartisan support.

Implications for the Crypto Industry:

The industry awaits clarity as 66 organizations previously sought immediate guidance from the Trump administration.
Concerns have been raised by exchanges like Coinbase regarding staking rewards on stablecoin holdings.
Lawmakers, including Senator Lummis, continue to advocate for prompt passage to protect consumers and foster innovation in the US.