The US crypto market structure bill has hit another delay. Reports cited in the source say the Senate Banking Committee has shifted its attention to housing affordability measures backed by Donald Trump, pushing the digital asset legislation back by several weeks and leaving broader Senate debate likely to slip into late February or March 2026.
Banking Committee Puts Housing Ahead of Crypto
The bill had been expected to move quickly, but that timeline has changed. According to the report, lawmakers including committee chair Tim Scott are focusing on housing reforms tied to affordability, including tax breaks for homeowners and measures aimed at the national housing crisis. That change in priorities does not remove the crypto bill from the agenda, but it does slow its path in the Senate.
Agriculture Committee Still Eyes January 27 Vote
While the Banking Committee has paused its track, the Senate Agriculture Committee is still moving ahead with its own version. The latest draft released by chair John Boozman would give the CFTC expanded authority over digital commodities. A committee vote is still planned for January 27, 2026.
After that, the Banking and Agriculture versions would need to be reconciled before a full Senate vote can happen. That step matters because it sits at the center of the long-running jurisdiction split between the SEC and CFTC, an issue that has weighed on the US crypto industry for years.
Trump Backs the Push as Industry Support Builds
The source also says Trump voiced support for major crypto legislation at the World Economic Forum in Davos in 2026, saying he planned to sign a significant bill in the near term and framing digital assets as part of the US economic position. He also referenced the GENIUS stablecoin act, describing it as a framework for stablecoins and a route toward wider institutional adoption.
Industry backing has also been visible. More than 100 crypto companies signed a letter to Congress in support of progress on the bill. The report adds that Bitcoin recovered the $90,000 level on the day, reflecting continued market sensitivity to the prospect of regulatory clarity.
Stablecoins, Custody, and Developer Definitions Remain Open
The immediate effect of the delay is a longer stretch of uncertainty around US digital asset rules. The source highlights unresolved questions around stablecoin issuance, custody products, and how developers may be categorized under changing law. It also notes that companies including Coinbase have continued to raise concerns, particularly around stablecoin rewards and the legal definition of developers.