According to Eleanor Terrett, U.S. Senate Agriculture Committee Chairman John Boozman announced that a markup session for the cryptocurrency market structure bill, originally scheduled for this Thursday, has been postponed until late January. Boozman stated that the committee needs more time to maintain bipartisan support. The bill requires at least 60 votes (a three-fifths majority in the Senate) to proceed to a full Senate vote. With only 53 Republican seats in the Senate, the bill must secure support from Democratic senators to move forward, or it will fail to advance.
U.S. Senate Agriculture Committee Postpones Crypto Market Structure Bill to Late January
TechFlowShare
Summary
The U.S. Senate Agriculture Committee has postponed its cryptocurrency market structure bill to late January, as Chair John Boozman cited the need for bipartisan support. The bill requires 60 votes to move forward, posing a challenge for Republicans, who hold 53 Senate seats. Traders are closely watching altcoins amid shifting dynamics in the crypto market. Democratic support will be crucial for the bill to progress.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.