Word from the Senate Banking Committee: the Bitcoin and crypto market structure bill isn't making the cut for 2025's legislative agenda. So what's next? Looks like a markup is lined up for early 2026 instead. This is significant for the crypto space—it means we're getting more breathing room in the near term, though regulatory clarity remains on the radar for traders and projects paying attention to Washington's moves. The timeline shift could affect how the market prices in upcoming policy developments.