No Market Structure Bill Until April: Senator John Thune

US Senate Majority Leader John Thune believes the chamber will prioritize the SAVE America Act before moving forward with the Crypto Market Structure bill. Thune expects progress on the market structure bill only after April.

No Digital Asset Market Legislation Before April

According to reports, Thune believes the Senate will prioritize voting on the SAVE America Act before addressing bipartisan bills, including the Crypto Market Structure Act. Thune stated during a meeting with reporters that the SAVE America Act will go to the chamber next week. However, lawmakers are expected to discuss the market structure and other bipartisan bills only after voting on the SAVE America Act. Punchbowl quoted Thume as stating,

“Market structure is a bill that’s, I’m hoping, going to come out of the Banking Committee soon, probably not before, I would say, the April time period.”

Thune’s statement contradicts that of Ohio Senator Bernie Moreno. Moreno had stated in April that he was hopeful about the market structure bill passing Congress by April. The Senate Agriculture Committee’s version of the bill advanced on January 29, 2026. However, the Senate Banking Committee’s version has been delayed after it postponed a January markup. The markup was necessary to combine the legislation before the floor vote.

Meanwhile, the Senate introduced an amendment in the 21st Century Road to Housing Act to prohibit the Federal Reserve from issuing a CBDC. If passed, the amendment would ensure the CBDC ban remains in effect until December 2030.

A Divided House

The Market Structure bill, which cleared the House of Representatives in July, will give the US Commodity Futures Trading Commission (CFTC) greater authority to regulate digital assets. However, Senate lawmakers remain divided over key provisions, including tokenized equities, ethics, and, particularly, stablecoin yield. The bill has also created sharp divisions between the crypto and banking industries. The banking industry has pushed back against stablecoin yield, calling it a threat to its core business model.

The White House has held three meetings between crypto and banking representatives in an effort to resolve key differences. However, with representatives at an impasse, President Trump hit out at banks, accusing them of holding a key piece of legislation hostage. As of Thursday, it remains unclear if there is any agreement to advance the market structure bill.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

No Market Structure Bill Until April: Senator John Thune was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.