The US Senate Banking Committee is backing President Donald Trump’s recent move to bar large financial institutions from purchasing single-family homes — a shift that could delay long-awaited crypto market structure legislation, according to a Bloomberg report.

Crypto bill faces delays as Senate prioritizes affordability agenda​

Crypto market structure legislation may be pushed back by several weeks as lawmakers refocus on Trump’s affordability agenda ahead of the US midterm elections, Bloomberg reported, citing sources familiar with the matter.

On Tuesday, Trump signed an executive order prohibiting Wall Street investors from buying single-family homes, a move aimed at easing housing costs for American families. The order is widely viewed as part of the administration’s broader effort to curb the rising cost of living before voters head to the polls in November.

Following the executive order, the Senate Banking Committee is expected to prioritize implementation of the housing restrictions, delaying progress on the crypto bill until late February or March, Bloomberg reported on Wednesday.

Crypto legislation hit by repeated setbacks​

The delay would mark yet another setback for the crypto market structure bill, which has already faced multiple postponements as the Senate Banking and Agriculture Committees attempt to secure bipartisan support.

The legislation seeks to define regulatory oversight of the crypto industry, clarifying the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, disagreements over provisions related to stablecoins and decentralized platforms have complicated negotiations.

Coinbase, one of the bill’s most influential industry supporters, recently withdrew its backing over concerns about the regulatory framework proposed in the draft.

Political pressure intensifies ahead of midterms​

Republicans are eager to deliver policy victories before the midterm elections, particularly as recent polling and Polymarket odds indicate Democrats have nearly an 80% chance of winning control of the House — a shift that could stall Trump’s broader legislative agenda.

Although the Trump administration has emphasized crypto policy during its first year in office, rising inflation and housing costs have pushed affordability to the top of voters’ concerns.

Lawmakers urge swift action despite divisions​

White House crypto adviser Patrick Witt warned on Tuesday that the Senate must act quickly to pass the crypto bill while negotiations remain viable. Still, he acknowledged that “compromises will need to be made” to secure enough votes for passage.

Meanwhile, Republicans on the Senate Agriculture Committee released a separate draft of the crypto bill on Wednesday ahead of a scheduled markup next week. The draft currently lacks Democratic support.

Agriculture Committee Chair John Boozman said that “differences remain on fundamental policy issues,” but noted that the proposal builds on bipartisan discussions and incorporates feedback from industry stakeholders.

Democrats will be allowed to introduce amendments during the markup process and again if the Banking Committee version advances to the full Senate, where both bills would ultimately be reconciled.