Senators say they will continue pushing a major cryptocurrency bill after a last-minute committee vote was postponed.

The legislation, intended to create clear rules for the crypto industry, has stalled amid long-standing disagreements among lawmakers, crypto firms, and banks.

Opposition from Coinbase CEO Brian Armstrong, who cited concerns over limits on crypto rewards and reduced regulatory authority, contributed to the delay.

Banking Committee Chair Tim Scott called off the hearing shortly after Coinbase withdrew support, with a new vote now expected in the coming months, CNBC has reported.

Lawmakers say negotiations will continue as both banks and crypto companies seek compromises on stablecoin rewards and competition.