Senate Banking Committee Delays Market Structure Bill Markup Until 2026
- The Senate Banking Committee confirmed no markup hearing will occur this week on the market structure legislation.
- Lawmakers are now questioning if they can finalize the bill before the midterm elections in November.
- Key issues include defining DeFi, regulating stablecoin yields, and bipartisan staffing of regulatory agencies like the SEC and CFTC.
- A markup is anticipated next month, but Congress must first address government funding by January 30.
- If not marked up by late January, chances for passage decrease significantly as election pressures mount.
The delay in markup hearings pushes the market structure bill’s timeline to potentially extend into early 2026, raising concerns about its viability amid upcoming elections and potential government shutdowns.
Without a markup by late January, the likelihood of passing the bill diminishes significantly as lawmakers face increasing election pressures. (Source)
