Senate Committee Delays Crypto Market-Structure Markup (1)

The Senate Banking Committee has delayed its discussion of the much-anticipated crypto market-structure bill, hours after exchange Coinbase Global Inc. pulled its support for the latest version.

In a statement issued late Wednesday, Committee Chairman Tim Scott said a markup of the legislation would be postponed as bipartisan negotiations continue. He didn’t set a new date.

“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,” said Scott. “The goal is to deliver clear rules of the road that protect consumers, strengthen our ...