US Crypto Market Structure Bill Faces Last-Minute Delay in Senate Committee Vote

The anticipated Senate Banking Committee debate and potential vote on the US crypto market structure bill has been postponed at the eleventh hour this week. The abrupt delay points to intense lobbying pressure from traditional financial institutions opposed to the bill's current framework.

According to sources tracking the legislative process, established banking players are actively working behind the scenes to reshape the proposal's terms. The existing draft reportedly contains provisions that run counter to their interests, prompting coordinated efforts to stall the legislative timeline.

This development underscores the ongoing tension between the crypto industry's push for clearer market structure rules and the traditional finance sector's resistance to regulatory frameworks that might limit their competitive advantage in digital asset markets. The delay effectively extends uncertainty around when comprehensive market structure legislation might advance through Congress.