[U.S. Senate Banking Committee Postpones Cryptocurrency Market Structure Bill Hearing to Next Year] The U.S. Senate Banking Committee will hold a revised hearing next year on legislation defining how federal regulators oversee the cryptocurrency industry’s market structure, rather than the previously expected hearing this week. A committee spokesperson stated that Chairman Tim Scott and his Democratic colleagues have made progress on the bill, but lawmakers are still in negotiations. The cryptocurrency industry had originally hoped for comprehensive new legislation by 2025 and at least one revised hearing. It remains unclear how quickly lawmakers will resume negotiations in the new year. The top priority after Congress returns from its holiday recess will be addressing the government funding bill set to expire on January 30, and with midterm elections becoming the focus next year, there will be limited time to address market structure issues.

[Ripple Co-Founder’s Space Company Vast Plans $300 Million Fundraising at $2 Billion Valuation] Ripple co-founder Jed McCaleb’s startup Vast, which is dedicated to building the world’s first commercial space station, is in talks for a $300 million funding round, valuing the company at $2 billion. The round is expected to be led by Balerion Space Ventures. Negotiations are still ongoing, and the figures involved may be subject to change. Vast is currently primarily funded by McCaleb’s personal resources, and he has expressed willingness to invest up to $1 billion of his personal wealth. The company plans to launch its first space station prototype, Haven-1, in 2026 and begin deploying components of Haven-2, intended to replace NASA’s International Space Station, in 2028.

PayPal has officially submitted an application to become a US bank. （Cointelegraph）

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US President Trump responded to questions from Decrypt reporters about whether he plans to appoint Democrats to the CFTC and SEC, stating that some areas are willing to share power and he is open to the proposal. （Decrypt）