Senator Kennedy says crypto bill is just a "small step" that hinders Republicans' September plan

Senate Republicans have disagreements over the Digital Asset Market Structure Act, with Sen. John Kennedy warning that the banking committee is not ready to advance the bill by the end of September, citing some unresolved issues. A spokesman for Chairman Tim Scott stressed that the two parties are continuing to work and stakeholders are actively participating, and the proposals proposed by the Democratic Party are in stark contrast to industry lobbying, which adds to the complexity of the US cryptocurrency regulation process.