Senate Delays Crypto Regulation
Ford Takes $19.5B Write-Down and Musk Reaches $600 Billion
Senate Delays Crypto Regulation
The U.S. Senate has delayed action on a long-awaited crypto market structure bill, pushing any formal progress into 2026. The Senate Banking Committee confirmed it will not hold a markup hearing this month, despite earlier hopes for movement before the year’s end.
Committee leadership said negotiations with Democrats are ongoing and emphasized the goal of producing a bipartisan framework. Still, the delay is a setback for the crypto industry, which had hoped at least for a procedural step forward in 2025.
Legislative timing is a key challenge. Congress will return focused on government funding, with a shutdown deadline in late January, and attention is expected to shift quickly toward the midterm elections.
The proposed legislation aims to clarify regulatory oversight by defining the roles of the SEC and CFTC, potentially designating the CFTC as the primary spot market regulator for crypto.
While talks continue, both agencies have independently begun easing their regulatory posture. Industry groups largely view the delay as constructive, arguing that extended negotiations increase the chances of a durable, bipartisan law early next year.
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