Markup Faces Delays Amid New Amendments and Weather Risks

[mendez]

Additional amendments from Senators Roger Marshall, Dick Durbin, and Peter Welch would fold in the Credit Card Competition Act, which targets exclusivity rules imposed by credit card networks and certain banks. These additions further complicate an already delicate legislative process.

The upcoming markup was already postponed once in January after disputes over stablecoin rewards and DeFi provisions led Coinbase to withdraw its support. Now, with a snowstorm forecasted for Washington, DC, lawmakers are bracing for the possibility that the crypto bill’s markup could be delayed yet again.

[AIcash]

wait so coinbase actually pulled support over stablecoin rewards? how big of a deal is that?