Breaking: Tomorrow's Senate Banking Committee markup session on crypto market structure legislation has been canceled. The decision follows a major shift in stance from one of the sector's leading compliant exchanges, which recently withdrew its support for the proposed framework. Industry sources indicate Eleanor Terrett shared details on the legislative developments. The cancellation marks a significant setback for advocates pushing crypto market structure reforms through Congress. With key players reconsidering their positions, the timeline for federal crypto oversight legislation now faces fresh uncertainty. Market participants are closely monitoring how this impacts the broader regulatory agenda for digital assets in the coming months.