Senate Banking Committee
Senate advances crypto market structure bill for markup
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The U.S. Senate Banking Committee is set to mark up the Digital Asset Market Clarity Act of 2025 on January 15, 2026, aiming to establish a federal framework for digital assets. The bill would divide regulatory oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Controversy surrounds provisions related to decentralized finance, with advocacy groups launching ads to oppose them.
Treasury Secretary Scott Bessent pressed the cryptocurrency sector to support pending digital asset market structure legislation during Senate testimony. He criticized a faction within the industry for opposing regulation, amid ongoing disputes with banks over stablecoin yields. The comments aim to resolve a deadlock that has stalled the bill's progress.