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U.S. Senate Democrats are reportedly set to reopen talks with representatives from the cryptocurrency industry on Friday, according to people familiar with the plan speaking to CoinDesk.  All this comes less than two days after a last-minute postponement of a key Senate Banking Committee hearing on sweeping digital asset legislation. The call follows Wednesday night’s abrupt cancellation of the committee’s planned markup of the long-negotiated crypto market structure bill, which had been expected to divide regulatory oversight of digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).  The delay came after Coinbase, the largest U.S.-based crypto exchange, withdrew its support for the draft legislation, citing concerns over stablecoin rewards programs and what it viewed as excessive authority granted to the SEC. Coinbase CEO, Brian Armstrong, said that banks are trying to “kill their competition” with the crypto market structure legislation. “Crypto companies should be allowed to compete and offer loans just like banks,” Armstrong said. Thursday marked a pause in public activity after the cancellation, but lawmakers and industry participants say negotiations are far from over.  Democrats from both the Senate Banking Committee and the Senate Agriculture Committee — which oversees the CFTC — are expected to join Friday’s call, along with representatives from crypto policy advocacy groups in Washington, according to reports.  The Banking Committee had been scheduled to hold an all-day session Thursday to debate amendments and vote on whether to advance the bill.  That plan unraveled late Wednesday after Coinbase CEO Brian Armstrong said the company could not support the current version of the legislation. Shortly thereafter, Senate Banking Committee Chair Tim Scott, R-S.C., postponed the hearing. Lummis: Senate is closer than ever Despite the setback, several lawmakers involved in the negotiations said discussions will continue. In a post on…

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Filed under: News - @ January 15, 2026 10:20 pm