Overview
- Chairman Tim Scott confirmed the Senate Banking Committee will mark up the crypto market structure bill on January 15, with the text under review and described by Senator Cynthia Lummis as getting a “light reading.”
- Related activity is expected in the Senate Agriculture Committee around January 15–16, aligning jurisdictional discussions over digital asset oversight.
- If advanced, the measure would require reconciliation and at least 60 votes on the Senate floor, highlighting the need for bipartisan support before any House action and a potential presidential signature.
- Proponents say the framework could cut market manipulation by 70–80%, and some analysts suggest passage could arrive as early as March 2026 if momentum holds.
- Disclosures show roughly $300,000 in recent Bitcoin purchases by members of Congress, including a $200,000 buy by Rep. Byron Donalds, drawing scrutiny even though such trades remain legal.