Senator Roger Marshall (R-KS) is reportedly planning to remove a controversial provision regarding credit card interchange fees from a key digital asset regulation bill ahead of its scheduled committee markup. The move is viewed as a strategic maneuver to simplify the legislation and increase its chances of securing passage in the Senate.
The provision, which aimed to expand regulations on ‘swipe fees’ charged by card networks like Visa and Mastercard, had drawn intense opposition from the banking and payments industries. Critics argued the measure was irrelevant to the core purpose of the crypto bill—establishing a regulatory framework for stablecoins and the broader digital asset market—and served only to complicate its legislative path.
Sources familiar with the negotiations indicate that Sen. Marshall will drop the provision entirely to ensure the focus remains on cryptocurrency market structure and consumer protection. This decision reflects a desire among lawmakers to prioritize establishing regulatory clarity for digital assets and avoid legislative detours that could derail the legislation during the markup process in the Senate Banking Committee.
Source: Sen. Marshall to cut card fees provision in crypto bill markup: Report
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