Republican Senator Warns of Tight Deadline for US Crypto Legislation

Republican Senator Thom Tillis of North Carolina has raised alarms about the narrowing window for Congress to pass comprehensive cryptocurrency legislation. A member of the Senate Banking Committee, Tillis cautioned that partisan gridlock and the approaching 2026 midterm elections could derail digital asset reforms unless action is taken imminently.

The US crypto industry, long starved for regulatory clarity, faces a pivotal moment. While bipartisan support for digital asset regulation is growing, deep divisions persist over market structure, stablecoin oversight, and jurisdictional boundaries among financial watchdogs. "If Congress is going to do anything with crypto, it has to be done by the first part of January, February, or you're done," Tillis told Bloomberg, referring to the legislative session ending in January 2026.

Industry stakeholders are amplifying their calls for action as election-year politics threaten to overshadow policy debates. With campaign season intensifying in 2025, lawmakers show little appetite for complex financial reforms that could disrupt government funding mechanisms.