Altcoins News

Story: Senate Banking Panel Postpones Crypto Hearing After Industry Pressure

By Julie Binoche

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The Senate Banking Committee pushed back its crypto market hearing. The February 8, 2026 session got delayed after heavy lobbying from digital asset companies worried about new…

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Senator Sherrod Brown runs the committee and broke the news Tuesday. "We need more time to ensure comprehensive understanding," Brown said.

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Crypto firms went all-out fighting this.

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Major exchanges and blockchain groups set up meetings with senators and their staff, trying to get their side heard.

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The postponed session was going to feature heavy hitters from financial watchdogs like the SEC and CFTC.

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Some lawmakers want strict controls to protect regular investors. Others worry that being too tough will push innovation to other countries.

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Past SEC actions against certain tokens sparked big fights over which agency should regulate what. It's messy and companies can't figure out what's legal anymore.

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While politicians argue over jurisdiction, the industry keeps pushing for collaboration instead of confrontation.

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Brown's office won't say when they'll reschedule the hearing. Getting consensus on how to regulate crypto seems impossible right now, and that's the biggest challenge facing…

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On February 2, the Blockchain Association put out a statement about the delay. Kristin Smith, who runs the group, said: "We appreciate the committee's decision to take more time.

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States aren't waiting for Washington though. New York's Department of Financial Services announced plans to update its BitLicense framework, trying to make applications easier.

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Tech giants want in on the conversation too. A major Silicon Valley company said February 4 it wants to help with regulatory talks, pushing for policies that encourage growth…

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The SEC isn't sitting idle either. Chair Gary Gensler announced workshops to gather crypto industry input on February 3.

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Europe's making moves that could pressure U.S. lawmakers. The EU just introduced its Markets in Crypto-Assets framework, setting comprehensive crypto regulations that other…

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The Digital Chamber of Commerce jumped into the fight February 1, submitting a detailed proposal to Brown's committee.

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