US Crypto Market Structure Bill Faces Prolonged Delay Until 2026
The Senate Banking Committee has deferred hearings on the crypto market structure bill until 2026, dashing hopes for regulatory clarity by 2025. Chair Tim Scott cited bipartisan coordination needs, leaving the industry in limbo. The delay affects the Senate’s version of the House-passed FIT21 bill, which sought to resolve jurisdictional conflicts between the SEC and CFTC over crypto oversight.
Key unresolved issues include regulator mandates, exchange rules, and litigation reduction. Without legislation, enforcement remains lawsuit-driven, fostering uncertainty for traders and platforms alike. Market participants now face two more years of operational ambiguity as Congress postpones critical decisions.