The U.S. Senate has confirmed that work on the crypto market structure bill will continue into 2026, following a decision by the Senate Banking Committee not to schedule a hearing before the end of the year. The move delays what many in the industry hoped would be a breakthrough after years of regulatory uncertainty.
Although committee leadership indicated that bipartisan negotiations are progressing, legislative timing has become a challenge. Lawmakers returning from the holiday recess must first address the risk of a federal government shutdown, with current spending authorization expiring on January 30. Attention is also expected to shift toward upcoming midterm elections.
The bill aims to define federal oversight of digital assets, clarify the roles of the SEC and CFTC, and designate the CFTC as the primary regulator of spot crypto markets. Despite the delay, Senate leadership maintains that the effort remains active and bipartisan.
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