Crypto regulation pushed to 2026

David Faber (Journalist) 00:00.070

bitcoin bouncing today along with the equity markets though hopes for progress on crypto regulation hitting a roadblock this week as a key hearing gets punted into the new year emily wilkins joins us she has that story emily

Emily Wilkins (Washington Correspondent) 00:14.070

hey david well yeah look banking ceos crypto groups they've been flooding capitol hill in recent weeks as senators are trying to come closer to an agreement on when to classify crypto as a security and when to classify it as a commodity and how to prevent crypto for being used

Emily Wilkins (Washington Correspondent) 00:28.990

for illegal activities yet lawmakers i spoke to leaving a bipartisan meeting yesterday said there is still work to be done we're

John Kennedy (Senator) 00:37.630

making progress but we're not it's clear to me anyway that we're not there yet that's

Emily Wilkins (Washington Correspondent) 00:46.750

that senator john kennedy he's a member of the banking committee that initially hoped to mark up the bill this month but that has now been pushed back yet again issues remained and a tentative vote on the bill that lawmakers hope to take this month could be going now until

Emily Wilkins (Washington Correspondent) 01:01.390

january remaining issues include whether top government officials like president trump and his family should be able to profit from crypto ventures while they are in office another ongoing debate is to what degree decentralized finance should be regulated and there's also a

Emily Wilkins (Washington Correspondent) 01:17.350

battle brewing between banks and crypto over interest payments now stable coin issuers they are banned from paying interest to customers but they can pay rewards that look a lot like interest which banks argue is too similar