Crypto Bill Could See Delays as Senate Shifts to Housing and Affordability
The Senate’s high-profile crypto market-structure push hit a near-term roadblock after the Senate Banking Committee shifted focus to housing and affordability, while a major exchange stepped back from the bill. As of January 22, 2026, the combined effect is a delayed markup and a more uncertain federal timetable for digital-asset regulation.
US Crypto Market Structure Bill May Be Delayed Until 2027, TD Cowen Warns
A TD Cowen note dated January 5, 2026 argued that the U.S. crypto market-structure bill may not pass until 2027, with full implementation potentially stretching to 2029. The bank linked the slower timeline to election-year incentives and a fight over ethics provisions that has added friction to negotiations.