“The Senate Agriculture Committee pushed its planned markup hearing, where lawmakers would debate and vote on its market structure bill, to Thursday morning.”, — write: www.coindesk.com
The committee intended to let lawmakers debate amendments and vote on its version of the bill, which aims to define how the Commodity Futures Trading Commission can oversee crypto markets, but a once-in-a-decade winter storm struck the East Coast and much of the eastern half of the country over the weekend, canceling flights and changing the Senate’s schedule.
The Senate had preemptively canceled votes planned for Monday afternoon on a funding package for the overall government. The US government ran out of funding on Friday night, and the House of Representatives passed its funding package on Thursday.
The Senate needs to vote to advance its funding bills; these votes were pushed to Tuesday afternoon, giving lawmakers a chance to fly back to Washington, DC after they were out of session last week.
On Monday, the Agriculture Committee said it would hold its hearing on Thursday at 10:30 a.m. ET instead, citing the “winter weather.”
The hearing is expected to prove contentious; while the Agriculture Committee was seen as likely to have a more bipartisan draft, committee Chair John Boozman said in a statement last week that he and his negotiation counterpart, Democratic Senator Cory Booker, were unable to come to an agreement on the text due to “fundamental differences in policy.”
Democrats unveiled a number of proposed amendments on Friday, pointing to where these disagreements lie. They included provisions forcing ethics commitments onto senior government officials and strong language forcing regulatory agencies to be helmed by bipartisan commissions.
The Senate Banking Committee, which also needs to pass market structure legislation, postponed its own hearing on its version of the bill earlier this month, although unlike the Agriculture Committee, it has not yet set a new date.
The SEC and CFTC also postponed a planned joint press appearance scheduled for Tuesday to Thursday afternoon at 2:00 pm ET.
Read more: The big US crypto bill is on the move. Here is what it means for everyday users
UPDATE (Jan. 26, 2026, 15:38 UTC): Adds additional detail, including SEC/CFTC postponement
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
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Failure to pass market structure legislation this year wouldn’t derail US crypto, but it would prolong regulatory ambiguity, favoring bitcoin and infrastructure.
- A lack of market structure legislation keeps a regulatory risk premium in US crypto, limiting valuation expansion, said Benchmark analyst Mark Palmer.
- Bitcoin and infrastructure are best positioned; exchanges, DeFi and altcoins are expected to lag.
- Palmer still sees passage as more likely than not, although timing risk is rising.
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