PANews reported on January 27th that, according to Cointelegraph citing Politico, Republican Senator Roger Marshall has agreed to temporarily halt his proposed amendment regarding credit card transaction fees when the Senate Agriculture Committee considers the key cryptocurrency bill next week. The amendment aims to force businesses to compete on transaction fees, but the White House intervened because it believes this could jeopardize the progress of the entire cryptocurrency bill.
The Senate Agriculture Committee was originally scheduled to consider the market structure bill this Thursday, but it was postponed to February 3 due to a winter storm sweeping across many parts of the United States. The bill aims to clarify the regulatory responsibilities of financial regulators over the crypto industry, but the review process has been repeatedly delayed as bipartisan committees attempt to garner bipartisan support.
