Trump Housing Order Pushes Crypto Bill to Back Burner
The Senate’s work on crypto regulation may be deferred for several weeks. Bloomberg reports the Senate Banking Committee is pivoting to address President Donald Trump’s executive order on housing affordability.
Trump signed the order earlier this week. It aims to prevent institutional investors on Wall Street from acquiring single-family homes.
A key goal of this policy is to curb rising costs ahead of the November election, which will determine control of the US Congress.
With this new priority, the Committee is expected to delay its consideration of the crypto market structure bill. Sources suggest the legislation may not move forward until late winter or early spring.
This continues a pattern of postponements for the bill in the Senate. Scheduled markups have been pushed back previously to allow more time for bipartisan negotiation.
