New developments have emerged in the key legislation regarding cryptocurrency regulation in the United States. The Senate Banking Committee originally scheduled a line-by-line review of the Digital Asset Market Clarity Act for January 15, but at the last minute, it was announced that the review would be indefinitely postponed.

This bill, which was expected to promote the standardization of the cryptocurrency market, was suddenly withdrawn by a major exchange on Wednesday. Coupled with the ongoing disagreements among negotiating parties over profit-sharing, the committee was ultimately forced to halt the review urgently.

Senator Tim Scott, Chairman of the Senate Banking Committee and a Republican, confirmed the postponement on Wednesday but did not specify a new review date. He stated that he has communicated with industry leaders, financial professionals, and bipartisan lawmakers, all of whom are engaged in serious negotiations.

Tim Scott emphasized that this bill is the result of months of bipartisan negotiations, incorporating opinions from innovators, investors, and law enforcement agencies. The legislative goal is clear — to establish a clear regulatory framework that protects consumers, maintains national security, and ensures that the US continues to lead in the global financial system.

Honestly, signs of the bill’s delay have been evident for some time. While the last-minute opposition from a major exchange drew considerable attention, the real reason for the stall lies in fundamental disagreements among parties. The core dispute revolves around whether to allow profit mechanisms for stablecoins. This issue touches on the fundamental interests of Wall Street institutions and the crypto community, making negotiations particularly difficult.