Overview
- The committee formally noticed a 10 a.m. ET Jan. 15 markup, with a manager’s amendment to be circulated Jan. 12 and member amendments due Jan. 13.
- The bill would delineate SEC and CFTC oversight, define token categories, and establish compliance pathways for digital asset intermediaries.
- Banking and Agriculture committees are preparing parallel texts that must be reconciled before any Senate floor vote, which could require 60 votes to advance.
- Active negotiations focus on whether stablecoin affiliates may offer rewards, how DeFi platforms and developers are treated, and potential restrictions on public officials’ crypto interests.
- Backers argue clearer rules would reduce uncertainty and attract institutions, though any March passage scenarios are projections and the timeline remains contested.