U.S. Senator Debbie Stabenow's encryption bill vote plan is on hold and may be restarted in September

Plans for the U.S. Senate to vote on a cryptocurrency regulation bill have been put on hold this week, but the bill may be revived again when lawmakers return to Washington in September. According to Politico, Senate Agriculture Committee Chairwoman Debbie Stabenow, a Michigan Democrat, has been working on the bill and plans to hold a markup hearing on Wednesday, but failed to gain the support of the committee's top Republican, Arkansas Republican Senator John Boozman. Cody Carbone, chief policy officer of the Chamber of Digital Commerce, said in a statement: "As industry leaders and committee members continue to provide input to Senator Stabenow's team, the bill has gone through several iterations. It now appears that consideration of the bill will be postponed until after the August recess to reach more consensus, and Senator Stabenow continues to contact stakeholders for feedback, which is positive." According to a statement released by Stabenow's office obtained by Politico reporters, she said she was working with the Senate Banking Committee to develop the bill and said a Republican senator needed to "step up." (The Block)