The US Senate Banking Committee is expected to postpone consideration of the crypto market structure bill by several more weeks as it turns to President Donald Trump’s newly signed housing executive order. The measure has now been delayed for a third time, but the latest setback is being read more as a scheduling and drafting issue than a rejection of the bill itself.
Housing order moves ahead of crypto legislation
According to Bloomberg, the committee is shifting its attention because it must handle the legislative follow-up tied to Trump’s housing affordability agenda. On Tuesday, Trump signed an executive order barring Wall Street investors from buying single-family homes. The stated aim is to push down home prices, answer voter concerns over rising living costs, and build momentum ahead of the November midterm elections. Since the Senate Banking Committee oversees housing policy, crypto legislation has been pushed aside for now.
Coinbase pulls support as drafting disputes persist
The delay also comes with visible disagreement over the bill’s wording. Coinbase has withdrawn its support, with the main disputes centering on stablecoin oversight and the definition of decentralized platforms. That signals negotiations between the industry and regulators are still active. For market participants watching the bill, extra time could mean a better chance to revise contested sections instead of rushing a flawed version through committee.
Midterm politics reshapes the committee calendar
Election pressure is part of the equation. Polymarket data cited in the source shows Democrats with roughly an 80% chance of winning control of the House in the midterms. In that environment, Republicans have stronger incentives to put forward policies voters can feel directly in their household budgets. Housing affordability fits that need more clearly than crypto legislation, which helps explain why committee time is being redirected.
Three crypto laws already passed in 2025
The broader regulatory track has not stopped. The source notes that the US already passed three major crypto bills in 2025: the GENIUS stablecoin bill, which created the first federal rules for a stablecoin market valued at more than $250 billion; the CLARITY Act, which set out the division of responsibilities between the SEC and CFTC for digital assets; and the anti-CBDC bill, which bars the Federal Reserve from issuing a central bank digital currency directly to individuals without congressional authorization.
With those measures already enacted, the latest delay does not erase the regulatory foundation that has been built. The central question now is less about whether the US will keep moving on crypto regulation, and more about how the final market structure bill will settle the unresolved conflicts inside the text.