US Crypto Legislation Paused as Housing Policy Takes Priority, Vote Delayed to Early Spring

Legislative Shift Slows Momentum on Crypto Regulation

The U.S. Senate Banking Committee has shifted focus to housing affordability initiatives, causing a significant delay in the anticipated crypto market structure legislation. Insiders confirm that committee hearings and markups originally expected in January have now been pushed to late February or early March, slowing the path toward comprehensive digital asset oversight.

Dual Tracks Emerge as Agriculture Panel Moves Forward

While the Banking Committee recalibrates its timeline, the Senate Agriculture Committee remains on track to vote on its own digital assets proposal by January 27. This parallel effort highlights differing regulatory philosophies and sets the stage for complex negotiations to harmonize both bills before full Senate consideration.

• Housing affordability is a top GOP priority in the new Congress
• The delay reflects scheduling, not abandonment, of crypto reform
• Agriculture panel treats digital assets as commodities, shaping regulatory scope
• Industry leaders urge clear rules to maintain U.S. competitiveness

Debate continues over whether the SEC or CFTC should oversee digital markets. Despite the slowdown, 2024 is widely seen as a pivotal year for establishing a national framework governing blockchain-based financial instruments.