US crypto market structure legislation could be delayed as the Senate Banking Committee shifts focus to affordability measures.
Bloomberg reported the delay follows President Donald Trump’s push to curb rising living costs ahead of the midterm elections.
Trump signed an executive order barring Wall Street firms from buying single-family homes.
The Senate Banking Committee is expected to prioritise implementing the order over advancing crypto legislation.
The crypto bill has already faced multiple delays as committees seek bipartisan support.
Coinbase has withdrawn backing for the bill over disputes related to stablecoins and decentralised platforms.
Republicans are seeking policy wins before the November midterms amid tightening electoral odds.
Polling and prediction markets suggest Democrats could regain control of the House.
The Trump administration has promoted crypto policy, but voter concern has shifted toward affordability pressures.