Legislation on the US crypto market delayed until 2026; the Senate Banking Committee cannot complete review within this year.

ChainCatcher reports that, according to Cointelegraph, the U.S. Senate Banking Committee has confirmed that the tokenization process for completing crypto market structure legislation will not be finished within 2025, and the relevant hearings will be postponed until early 2026. As the last legislative week of 2025 approaches, senators from both houses will begin returning home for vacations starting this Wednesday, forcing a halt in the legislative process. It is understood that the committee has been working on a bipartisan consensus version of the bill over the past two months, and it is still uncertain whether the latest draft will be released before the recess. Meanwhile, the Senate Agriculture Committee has not yet scheduled review dates for its related texts, further extending the legislative timeline that Senate leadership initially planned to complete within this year. This delay will keep the crypto industry operating under regulatory uncertainty for at least several more months.