Progress on US crypto market structure legislation may slow in the coming weeks as lawmakers redirect attention toward domestic affordability issues. The shift reflects growing political pressure to address rising living costs ahead of the November midterm elections.
The Senate Banking Committee is expected to pause work on the crypto market structure bill while it focuses on implementing President Donald Trump’s affordability initiatives. This follows a newly signed executive order that bars large financial institutions from purchasing single-family homes, a move aimed at cooling housing prices and easing pressure on families.
The crypto bill has already faced setbacks, with two key Senate committees delaying scheduled markups to secure broader bipartisan backing. Further complicating the process, major industry participants have withdrawn support over disagreements related to stablecoin oversight and the treatment of decentralized platforms.
Republican lawmakers are eager to secure policy wins before the elections, but recent polling suggests Democrats hold a strong advantage in the House. With affordability ranking high among voter concerns, crypto regulation may take a back seat despite the administration’s stated commitment to digital asset policy.
While the administration continues to signal support for clearer crypto rules, the renewed focus on housing and cost-of-living issues suggests that meaningful progress on crypto legislation could be pushed back until later in the legislative calendar.
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