Crypto Bill Pushed Back as Senate Focuses on Trump Housing Order

US lawmakers may delay passing crypto market structure legislation by several weeks as the Senate Banking Committee shifts focus to President Donald Trump’s affordability agenda ahead of the November midterm elections.

The delay comes after Trump signed an executive order on Tuesday that blocks Wall Street investors from buying single-family homes. The order aims to lower housing costs, which have become a major concern for voters. Lawmakers now need to focus on implementing this order, which will push the crypto bill down the priority list.

Bloomberg reports that the Senate Banking Committee may not return to the crypto legislation until late February or March. This would be another setback for the bill, which has already faced repeated delays as lawmakers try to secure bipartisan support.

The proposed legislation would define how the US regulates crypto markets. It outlines how oversight would be divided between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, disagreements remain over key issues, including how stablecoins and decentralized platforms should be regulated.

Crypto Bill Loses Industry Backing

Industry support for the bill has also weakened. Coinbase, one of the crypto industry’s biggest lobbyists, withdrew its backing due to concerns over provisions affecting stablecoins and decentralized finance.

Republicans are eager to pass major legislation before the midterm elections. Recent polling and Polymarket data suggest Democrats have nearly an 80% chance of winning control of the House. If that happens, it could make it harder for Trump to advance his policy agenda.

Although the Trump administration has prioritized crypto regulation in its first year, rising living costs have taken center stage. Voters are more concerned with housing, food, and energy prices than with digital asset policy.

White House crypto advisor Patrick Witt warned that lawmakers need to move quickly to pass the crypto bill while negotiations are still possible. He acknowledged that compromises will be required to gain enough votes.