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Sujha Sundararajan
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The US Senate Banking Committee has again postponed the work on the long-awaited landmark crypto market structure bill that could create a regulatory framework for digital assets.
Unnamed sources told Bloomberg that the crypto market structure legislation may be delayed by several weeks. The panel is likely to consider it in late February or March, they added.
Instead of focusing on the digital asset bill, the committee will pivot to housing legislation, following President Donald Trump’s recent push for affordability.
President Trump wrote that he is taking “immediate steps” on the housing bill, which remains a priority and “American Dream.”
The Committee’s backburnering of the crypto bill has left the community in uncertainty, despite backers pushing for the urgent passage of the legislation.
Patrick Witt, White House Executive Director of the President’s Crypto Council, called for immediate implementation of the bill. He said that it is unrealistic to expect a multi-trillion-dollar industry to operate without a comprehensive regulatory framework.
The work on the crypto bill – called the CLARITY Act – stalled its planned markup after Coinbase CEO Brian Armstrong publicly withdrew support for the draft bill. Armstrong flagged several issues with the draft, including a de facto ban on tokenized equities.
However, the Bloomberg report noted that the Banking panel’s delay might not affect the Senate Agriculture Committee’s efforts on crypto.
The Agriculture Committee released its own version of that market structure bill, which the industry insiders fear might be a partisan bill lacking Democratic support.
“While differences remain on fundamental policy issues, this bill builds on our bipartisan discussion draft while incorporating input from stakeholders and represents months of work,” the Committee Chairman, John Boozman, clarified. Boozman postponed this legislation markup to late January.
The Agriculture Committee bill on crypto will need to get support from both Democrats and the Banking counterpart before it can continue further steps.
“I Hope to Sign Very Soon:” Donald Trump
President Trump confirmed that the crypto market structure bill will be signed “very soon.”
Speaking at the World Economic Forum at Davos 2026, he said that his administration is working to ensure that America remains the crypto capital of the world.
“Last year, I signed a landmark GENIUS Act into law, now Congress is working very hard on crypto market structure legislation… Bitcoin, all of them,” he spoke at Davos.
“I hope to sign very soon, unlocking new pathways for Americans to reach financial freedom.”
