Significant delays are expected in crypto market structure legislation as Senator Cynthia Lummis anticipates the Senate Banking Committee will postpone Thursday's scheduled markup session. The postponement comes after a major compliance platform withdrew its support for the proposed bill, creating uncertainty around the legislative timeline.

This development reflects growing tensions between lawmakers and industry participants regarding how digital assets should be regulated and traded. The withdrawal of support from a key industry player signals potential concerns about the bill's current framework or implementation approach.

Market participants are closely watching how this legislative process unfolds, as the regulatory clarity sought by the crypto community continues to face hurdles in Congress. The revised timeline remains unclear, but industry observers expect ongoing negotiations between stakeholders to address outstanding concerns before the committee reconvenes.