US Senate Judiciary Panel Blocks Blockchain Act Provisions in Crypto Market Bill
On January 17, the U.S. Senate Judiciary Committee opposed inserting parts of the Blockchain Regulatory Certainty Act into a new cryptocurrency market structure bill, interrupting planned debate in the Senate. Senior lawmakers argued the proposal could weaken unlicensed money transmission rules, while DeFi proponents warned that removing protections for software developers may reduce industry support and stall broader crypto regulation.