Momentum behind US crypto market structure legislation is slowing as divisions deepen between banking interests and the digital asset industry. Lawmakers are signaling that an upcoming Senate review of the proposed framework may be postponed, reflecting unresolved disagreements over key provisions affecting stablecoins and decentralized finance.
Senate Banking Committee Delay Appears Increasingly Likely
According to recent comments from Lummis US senator, the Senate Banking Committee is expected to delay its scheduled markup of the market structure bill. The decision would give lawmakers more time to address concerns raised during negotiations, particularly after a major crypto exchange withdrew its backing. The committee hearing was originally set for Thursday morning, but no formal confirmation has yet been issued.
 Steven Dennis on Wednesday night. Dennis stated:
Stablecoin and DeFi Provisions at the Center of Debate
At the heart of the impasse are provisions related to stablecoin rewards, tokenized assets, and regulatory oversight. Critics argue the latest draft could restrict innovation, expand government access to financial data, and weaken the role of commodities regulators in overseeing crypto markets. Supporters of revisions believe the current language risks leaving the industry worse off than under existing rules.
 Coinbase CEO Brian Armstrong flagged concerns that;
The outcome carries significant implications. Stablecoin-related revenue and blockchain rewards represent a growing income stream for crypto firms, while banking groups warn that expanded stablecoin adoption could redirect trillions of dollars away from traditional deposits. As negotiations continue, lawmakers appear focused on balancing innovation with financial stability, even if that means slowing the legislative timeline.
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This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.