Senate Sidelines Crypto Rules Bill, Leaving the Industry in Limbo

The Senate set aside a bill (H.R.3633) that would have clarified who regulates cryptocurrency — the CFTC, a commodities watchdog — and what counts as a "decentralized" platform, CoinDesk reported July 27, 2026. It passed a committee vote 15-9 on May 14. Now two agencies both claim authority over crypto, leaving companies unsure which rules to follow.