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The US Senate has postponed a long-awaited cryptocurrency market structure project, pushing the final consideration to the beginning of 2026. Lawmakers are running out of time for legislation as internal disputes remain in consensus on key provisions.
The delay extends a period of regulatory uncertainty for cryptocurrency exchanges, issuers and institutional investors operating in the United States.
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Why has the Cryptocurrency Market Structure Bill been delayed?
The draft law, based on: Digital Asset Market Clarity Act (CLARITY) Passed by the House of Representatives, it establishes how to regulate digital assets. Oversight was formally split between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
However, unresolved disputes over jurisdiction slowed it down And the supervision of decentralized financeconsumer protection progress.
Senate negotiators had difficulty reconciling the Banking and Agriculture committees. These committees are survived by the Securities and Exchange Commission and the Commodity Trading Commission (CFTC), respectively, which claim authority over the spot cryptocurrency markets.
As a result, legislators could not finalize the formulation of support for both parties before the end of the session.
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DeFi regulation has also emerged as a major point of contention. Some senators pushed for exceptions for decentralized protocols without a controlling intermediary.
Others warned that broad exclusions could It involves implementation It creates regulatory loopholes.
Consumer advocacy groups have added pressure for opposing sides of the bill. They argue that the framework shifts power from the securities commission and risks weakening investor protection after several high-profile crypto failures.
This opposition forced further adjustments and slowed the negotiations.
Despite the delay, the bill is very different from other cryptocurrency legislation that has already been passed. On the contrary GENIUS LAWS THAT Focused strictly on stablecoins, the Market Structure Project targets the entire cryptocurrency trading ecosystem.
It establishes rules for exchanges, brokers, reservation providers and token issuers in a unified federal framework.
It also goes beyond the bill Implementation-driven organization. It introduces formal criteria to classify assets and reduces reliance on court decisions to determine whether tokens are securities or commodities.
Lawmakers say this approach replaces regulatory uncertainty with legal clarity.
