Senate punts crypto market structure bill to next year
The Senate Banking Committee delayed its market structure markup hearing for crypto legislation until early 2026.Summary
The U.S. Senate Banking Committee will not hold a markup hearing this month on the market structure legislation intended to define federal oversight of the crypto industry, pushing any progress until early 2026. A committee spokesperson confirmed that Chairman Tim Scott and Democrats are still negotiating to produce a bipartisan product, despite the expected delay being a blow to the industry. The bill aims to clarify the roles of the SEC and CFTC, designating the CFTC as the primary spot market regulator. Negotiations are complicated by Democratic concerns regarding financial stability, market integrity, and ethics. Lawmakers face a tight schedule in the new year, prioritizing government funding before the midterm elections shift focus.
(Source：CoinDesk)