Senate Republicans Threaten to Go It Alone on Crypto Bill (2)

Key Republican senators are considering moving forward with a GOP-only proposal to regulate cryptocurrencies, in hopes doing so boosts momentum on the issue as negotiations with Democrats grind on.

Senate Banking Committee Chair Tim Scott (R-S.C.) should schedule a mark-up on legislation creating a new market structure for digital assets next week, even if Democrats don’t agree on the bill, said Sen. Cynthia Lummis (R-Wyo.), a key negotiator.

“It’s time, we’re all getting weary,” Lummis said Monday. “It’s time to get this show on the road.”

Panel leaders have been hoping to schedule committee votes this month on bills sought ...