Senator Marshall to shelve card fees provision in crypto bill markup: Report

US Senator Roger Marshall filed an amendment last week that would have forced companies to compete on swipe fees.

Republican Senator Roger Marshall has reportedly agreed to hold back on pushing an amendment aimed at credit card swipe fees when the Senate Agriculture Committee marks up a major crypto bill next week. 

Marshall filed an amendment to the committee’s version of a crypto market structure bill last week that would force companies to compete on swipe fees, but later privately agreed not to add the provision, Politico reported on Monday, citing people with knowledge of the matter.

The Senate Agriculture Committee was expected to mark up the bill on Thursday, but pushed the meeting to Tuesday, Feb. 3, as most of the US faces a massive winter storm that has brought many areas of the country to a standstill.

Read more