Crypto market structure bill: no hearing before 2026
The U.S. Senate Banking Committee will not have any markup hearings on market structure legislation defining how federal regulators can oversee the industry until next year, punting on a hoped-for hearing that many sought to hold near the end of this week.
A spokesperson for the committee said in a statement on Monday that “Chairman [Tim] Scott and the Senate Banking Committee have made strong progress with Democratic counterparts” on the bill but that lawmakers were still negotiating.
While the delay was expected, it’s still a blow to the crypto industry, which at least wanted to see a markup hearing, in the absence of more substantial progress toward a sweeping new law that was hoped for in 2025. It’s unclear how quickly lawmakers might…
