US Crypto Bill Delayed to March as Senate Prioritizes Housing Legislation

The US crypto market bill, initially expected by January-end, is likely delayed to March due to the Senate Banking Committee's focus on housing legislation.

Key Points

The Senate prioritizes addressing housing costs over the crypto bill, aiming for action before congressional elections.
The bill aims to clarify jurisdictional boundaries between the SEC and CFTC.
Coinbase withdrew support citing concerns over tokenized equities and DeFi limitations in the bill.
Bipartisan support is crucial; however, differences remain, as noted by Senate Agriculture Committee Chairman John Boozman.
The Agriculture Committee released its digital-asset draft legislation but faces challenges due to lack of Democratic support.