Crypto Bill Slides to Next Year as Senate Panel Delays Vote

A key Senate panel is postponing a highly anticipated vote on potential bipartisan legislation establishing regulations governing cryptocurrencies as negotiations between lawmakers sympathetic to the industry grind along.

Senate Banking Committee Chair Tim Scott (R-S.C.) had entertained marking up this month legislation establishing a market structure for digital securities, a key priority for the cryptocurrency industry.

But the panel is now expected to wait to hold that vote until early next year, according to sources familiar with the decision.

“From the outset, Chairman Scott has been clear that this effort should be bipartisan,” said Jeff Naft, Scott’s communications director. “The ...