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U.S. Senate Cryptocurrency Bill Vote Delayed: Bipartisan Negotiations May Postpone Decision
【Crypto World】New developments have emerged in the US Congress’s cryptocurrency legislation. On January 10th, informed sources revealed that Senate Agriculture Committee Chairman Boozman (Republican-Arkansas) is considering whether to delay the committee vote originally scheduled for January 15th. The key will be the negotiations between the Republican and Democratic lead negotiators, Senate Senator Cory Booker of New Jersey, in the coming days.
In simple terms, Boozman’s current stance is quite flexible. If the two parties can reach a substantial consensus on the bill this weekend, he may postpone the vote to try to garner bipartisan support for this milestone cryptocurrency market regulation legislation. Conversely, if negotiations do not progress, the vote will proceed as originally planned.
This reflects a phenomenon in the US Congress’s approach to advancing cryptocurrency regulation—despite strong industry calls, there are still disagreements between parties. Both parties want to be involved, but they need to find a balance on specific provisions. The current deadlock also provides some signals to the crypto market, especially for institutional investors paying attention to policy developments.