The U.S. Senate Banking Committee has confirmed that it will not hold a markup on crypto market structure legislation in 2025, pushing the process into early 2026 following bipartisan discussions.
According to the update, lawmakers have reached the final legislative week of 2025, which is expected to be shortened as members of both the House and Senate begin leaving Washington for the holiday recess. As a result, the committee has effectively run out of time to advance the crypto market structure bill before year-end.
Bipartisan Text Still Pending Release
The delay means that the anticipated market structure markup will now take place in the new year. Industry participants are also awaiting clarity on whether the Senate Banking Committee will release the latest bipartisan draft text before the holiday break.
The draft has reportedly been under active bipartisan development for nearly two months, and its release would provide the crypto industry with critical insight into how lawmakers intend to divide regulatory oversight and define key aspects of digital asset markets.
Senate Agriculture Committee Also Postpones Action
In parallel, the Senate Agriculture Committee has not yet scheduled a markup for its own version of crypto-related legislation. This strongly suggests that its hearing will also be deferred until 2026, extending a process that Senate leadership had originally hoped to complete by the end of 2025.
The lack of synchronized progress between the two committees further reduces the likelihood of near-term legislative movement on comprehensive crypto market structure rules.
What the Delay Means for Crypto Regulation
The postponement confirms that no major crypto market structure legislation will be finalized in 2025, despite months of bipartisan negotiations. While discussions are expected to resume early next year, the delay prolongs regulatory uncertainty for crypto firms operating in the United States.
For now, the focus shifts to early 2026, when committees are expected to resume hearings and potentially advance markup sessions, assuming bipartisan momentum holds after the congressional recess.
