US Senate Sets January 15 Markup for Crypto Market Structure Bill

The US Senate Banking Committee is scheduled to hold a markup session for the long-awaited crypto market structure legislation, known as the 'CLARITY Act,' on January 15. This marks a significant step toward advancing the bill, suggesting lawmakers feel it is close to consensus. The debate is expected to focus on unresolved issues, including the regulatory treatment of DeFi protocols, clarifying the boundary between SEC and CFTC jurisdiction over digital assets, and rules surrounding stablecoin yield offerings. While supporters believe compromises have narrowed disagreements since December, amendments could still arise during the markup. For the bill to ultimately pass the Senate floor, it will require bipartisan support to overcome the 60-vote threshold needed to end debate, even if it advances out of committee with only Republican votes. If enacted, the bill would establish a federal framework for digital asset markets, defining asset classes, registration paths, and granting regulators explicit authority over spot crypto markets, aiming to reduce legal uncertainty.

(Source：BeInCrypto)