The US Senate Agriculture Committee has postponed its markup of a significant bill aimed at the structure of the crypto market until the end of January, indicating the need for additional time to secure bipartisan support for the legislation.

Committee Chairman John Boozman stated, “To finalize the remaining details and ensure the broad support this legislation requires, additional time is needed before moving to markup.”

This bill is particularly awaited in the crypto sector as it will outline how the nation’s market regulators, namely the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), will oversee the cryptocurrency market.

The Senate Agriculture Committee is responsible for the CFTC and had initially scheduled the markup for the bill on Thursday, aligning it with the Senate Banking Committee’s markup, which supervises the SEC.

In addition, lawmakers are advocating changes to include ethics provisions and a ban on all stablecoin yield payments. Democratic Senators are particularly interested in implementing conflict-of-interest guardrails to prevent public officials, including President Donald Trump, from profiting from connections to cryptocurrency entities.