They complained that lawmakers made excessive concessions to banks and traditional financial institutions after proposing amendments to a 278-page bill, particularly regarding stablecoin yields and tokenization.

Critics argue that the CLARITY Act itself already favors traditional institutions. Meanwhile, some Democrats insist on including ethics provisions that would apply to high-level government officials, including the President, banning them from profiting personally from cryptocurrency projects—a point on which Democrats have previously reached an impasse with the White House multiple times.

In a statement announcing the postponement, Senate Banking Committee Chair Tim Scott said, "Everyone is still working sincerely at the negotiating table," but did not disclose when the committee would reschedule the review. The Senate will be on recess next week for Martin Luther King Jr. Day and return the following week. At that time, the Senate Agriculture Committee is expected to hold its review, which had also been postponed from this past Thursday.

[BlockBeats]