The U.S. Senate Banking Committee has postponed its consideration of a key cryptocurrency market structure bill, citing the need for a "brief pause" to reach a consensus. Previously, Coinbase withdrew support for the bill over concerns about stablecoin rewards and regulatory authority issues. Although White House cryptocurrency advisor David Sachs believes that the bill is closer to passing than ever before, analysts warn that the legislative window is narrowing, and the stablecoin provisions remain a critical obstacle.
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The U.S. Senate Banking Committee has postponed its consideration of a key cryptocurrency market structure bill, citing the need for a "brief pause" to reach a consensus. Previously, Coinbase withdrew support for the bill over concerns about stablecoin rewards and regulatory authority issues. Although White House cryptocurrency advisor David Sachs believes that the bill is closer to passing than ever before, analysts warn that the legislative window is narrowing, and the stablecoin provisions remain a critical obstacle.