Crypto: Crypto Bill Could Be Delayed As Senate Focuses On Affordability:...

The Senate Banking Committee is backing Donald Trump’s move to bar institutions from buying family homes, which could delay the market structure bill, Bloomberg reports.

Update (Jan. 22, 3:00 am UTC): This article has been updated to add further information about the crypto bill and a new draft released on Wednesday.

Crypto market structure legislation could be delayed by several weeks as the Senate Banking Committee shifts its focus to US President Donald Trump’s affordability agenda, Bloomberg reports, citing people familiar with the matter.

On Tuesday, Trump signed an executive order barring Wall Street investors from buying single-family homes.

The move was seen as part of the Trump administration’s attempt to push down costs before the US midterm election in November.

Bloomberg reported on Wednesday that the Banking Committee is likely to switch focus to implementing the executive order and delay advancing the crypto bill until late February or March.

It could potentially be the Senate’s latest delay to the bill, which has seen the Banking and Agriculture Committees postpone scheduled markups for the legislation to garner bipartisan support.

The bill lays out how the Securities and Exchange Commission and the Commodity Futures Trading Commission would police crypto, but Coinbase, a major lobbyist, pulled support for the bill over disagreements with provisions regarding stablecoins and decentralized platforms.

Republicans are pushing to get policy wins to take into the midterm elections in November, as the latest polling and Polymarket odds show Democrats ahead with a nearly 80% chance of winning a majority in the House, which could derail Trump’s agenda.

The Trump administration has prioritized crypto policy in its first year, but the soaring cost of living has voters putting affordability as a top concern heading into the elections.

Source: CoinTelegraph