US Crypto Market Structure Bill Delayed Until 2026 — Warren Requests National‑Security Review of PancakeSwap

The Senate Banking Committee will not hold markup hearings on crypto market-structure legislation in 2025 and now expects to resume in early 2026 as bipartisan talks led by Chair Tim Scott continue. The bill aims to clarify SEC and CFTC oversight by designating the CFTC as the primary spot market regulator. The delay disappointed parts of the crypto industry and could face further setbacks from the 2026 midterm elections and near-term congressional funding priorities. Spot markets fell ~3.6%, roughly $150 billion exited, and Bitcoin dropped nearly $5,000 to about $85,000 on the news.
AI Analysis
The Senate Banking Committee will not hold markups in 2025 and now expects to resume in early 2026 (delay). The bill would designate the CFTC as the primary spot market regulator (regulatory change). The delay disappointed parts of the crypto industry and could face further setbacks from midterm elections and funding priorities. Spot markets fell ~3.6%, ~$150 billion exited, and Bitcoin dropped nearly $5,000 to about $85,000 on the news — showing immediate market reaction.