US Senator Marshall to Remove Credit Card Fee Clause from Crypto Bill Amendment

PANews, January 27—According to Cointelegraph citing Politico, U.S. Republican Senator Roger Marshall has agreed not to push for his proposed amendment on credit card fees during the Senate Agriculture Committee's review of a key cryptocurrency bill next week. The amendment aimed to force businesses to compete on swipe fees, but the White House intervened, believing this move could jeopardize the advancement of the entire crypto bill.

The Senate Agriculture Committee originally planned to review the market structure bill this Thursday, but due to winter storms sweeping across much of the United States, the review has been postponed to February 3. The bill aims to clarify the regulatory responsibilities of financial regulators over the crypto industry, but the review process has been delayed multiple times as the bipartisan committee seeks cross-party support.