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US crypto market structure bill faces delays of several weeks
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Senate focus has shifted toward housing affordability legislation
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Coinbase withdrew support over stablecoin yield provisions
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Lawmakers may revisit the bill in late February or March
The US crypto market structure bill is expected to face additional delays as lawmakers temporarily shift their attention to housing affordability issues, according to a Bloomberg report.
Members of the Senate Banking Committee are prioritizing legislation aimed at limiting large institutional investors from buying single-family homes, following an executive order signed by President Donald Trump earlier this week. Rising housing costs have become a politically sensitive issue and were cited as a factor in recent election losses.
As a result, the committee has pushed back key hearings on crypto legislation, making it unlikely that the bill will advance before late February or March. The delay comes amid ongoing disagreements over how the bill should regulate stablecoins, DeFi, and the balance of power between regulators.
The setback follows Coinbase’s decision to withdraw support for the Banking Committee’s draft. CEO Brian Armstrong said the bill unfairly restricts stablecoin rewards, arguing that it favors traditional banks at the expense of crypto companies.
While the pause slows progress, it also gives crypto firms more time to negotiate changes that could attract broader bipartisan support. Meanwhile, the Senate Agriculture Committee released its own version of the bill, though its chair acknowledged that lawmakers have yet to agree on core policy questions. Any final version will need support from both committees before reaching the Senate floor.
