Cryptocurrency journalist Eleanor Terrett shared new developments regarding the market structure regulation bill in the US, which closely concerns cryptocurrencies.
According to Terrett, the bill markup, which was targeted for September 30 by Republicans on the Senate Banking Committee, appears to be off the agenda for now.
Sources indicated that Democrats have not yet responded to the bill, adding that the parties first want to reach an agreement on “the operation of the negotiation process.” Furthermore, the possibility of a looming government shutdown makes holding a meeting on September 30th virtually impossible.
While the new target date is being discussed as the week of October 20th, it has not yet been finalized. However, since the Senate Agriculture Committee plans to discuss its own bill addressing the CFTC's jurisdiction during the same period, this postponement should theoretically not negatively impact the chances of a bill reaching the Senate floor by the end of the year.
Bloomberg analyst Nathan Dean, however, urged crypto investors to remain calm:
“If I were in the cryptocurrency community, I wouldn't be too concerned about this. The Senate Banking Committee's timeline has been quite aggressive from the start. Aligning with the Agriculture Committee's process and avoiding the possibility of a government shutdown seems more realistic for a regulation to pass in the first half of 2026.”
*This is not investment advice.
