Archive · 22 Jan 2026
US Senate Delays Crypto Bill Amid Focus Shift
The US Senate has delayed a bill called the Clarity Act that would create rules for cryptocurrencies.
This bill was supposed to be discussed on January 15, but it was postponed because the CEO of Coinbase, a big crypto company, initially didn't support it.
Now, the Senate is focusing on housing laws that President Trump thinks are important.
Coinbase and other crypto companies have been asking for clearer rules for a long time.
The crypto industry has also become very influential in politics, spending a lot of money in the 2023–24 election cycle.
Coinbase even donated $1 million to Trump's presidential inauguration.
The US Senate delayed the Clarity Act, a bill to regulate cryptocurrencies, until at least late February or March.
The delay followed Coinbase CEO Brian Armstrong's initial withdrawal of support for the bill.
The Senate has shifted focus to housing legislation that President Trump considers important ahead of elections.
Coinbase and other crypto industry leaders have long advocated for clearer regulations.
The crypto sector has become politically influential, being the top corporate spender in the 2023–24 election cycle.
- Who
- US Senate committee, Coinbase CEO Brian Armstrong, President Donald Trump
- What
- Delay of the Clarity Act crypto bill, shift in focus to housing legislation
- When
- Original discussion date was January 15, expected delay until late February or March
- Where
- United States
- Why
- To create a regulatory framework for cryptocurrencies and push housing legislation deemed important by President Trump
- Bill Name
- Clarity Act
- Original Discussion Date
- January 15
- Expected New Timeline
- Late February or March
- Coinbase CEO
- Brian Armstrong
- Coinbase Donation to Trump
- $1 million
- Crypto Sector Influence
- Top corporate spender in 2023–24 election cycle