Senate Panel Reprioritizes, Slowing Crypto Bill Advance

Crypto market structure legislation in the US Senate could be slowed by several weeks. The Banking Committee is reportedly preparing to concentrate on President Donald Trump’s executive order aimed at housing affordability.

Trump enacted the order this week. Its intent is to stop Wall Street investors from buying single-family homes, a move seen as addressing voter concerns about high costs.

With the US midterm elections approaching, implementing this order has become an urgent committee focus. Therefore, work on the crypto bill is expected to be postponed until late February or March at the earliest.

This potential delay adds to a history of pauses for the proposed legislation. The Senate committees involved have delayed markups before in attempts to forge a bipartisan compromise.