Snowstorm Delays Senate Crypto Vote as Democrats Push for Asset Rules
WASHINGTON, D.C. — A crippling snowstorm and deep partisan divisions have effectively stalled a major U.S. Senate vote on a high-profile cryptocurrency market bill this week, as Democrats zero in on tougher rules for digital asset holdings and regulatory enforcement. ❄️ Weather Throws U.S. Senate Into Disarray Senators returned to Capitol Hill this week facing severe winter weather that has blanketed parts of the Northeast with heavy snow, forcing travel delays and threatening attendance for a key markup scheduled in the Senate Agriculture Committee. With roads and air travel uncertain, lawmakers warned that the snowstorm could derail efforts to advance contentious crypto legislation. ⚖️ Partisan Rift Over Crypto Regulation Republicans on the Agriculture Committee have pushed forward a revised crypto market structure bill after weeks of negotiations with Democrats broke down. The GOP-led text, which proposes a regulatory roadmap for digital asset markets and would classify certain tokens as commodities, is expected to come up for a party-line vote — weather permitting. Democrats, however, have balked at the current proposal, saying it lacks adequate consumer protections and fails to address what they view as the most pressing issues around cryptocurrency holdings and financial oversight. Several Democratic senators have vowed to oppose the bill unless stricter rules on custody, risk management, and enforcement against illicit activity are included 📉 Industry and Market Reaction The unfolding legislative uncertainty has stirred caution among crypto industry stakeholders, who had hoped for clear federal rules to boost market confidence. Some industry leaders argue the Senate draft closely mirrors earlier bipartisan efforts in the House, while others say the partisan deadlock — now exacerbated by the snowstorm — leaves the crypto sector in regulatory limbo. 🔍 What’s Next With the snowstorm complicating travel and attendance, Senate leaders have signaled that the markup may be postponed or that the vote could slip to next week. Meanwhile, Democrats plan to continue pushing for amendments targeting crypto holdings oversight and stronger investor safeguards before any bill can move forward. A heavy storm and sharp partisan gaps may delay one of the most closely watched financial regulatory votes on Capitol Hill, illustrating how weather and politics can collide to shape the future of cryptocurrency law in the United States. Snowstorm Buries Senate Crypto Vote: Democrats Target Holdings
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