Overview
- Senate Agriculture Committee Chair John Boozman confirmed his panel will push its markup to the final week of January to preserve bipartisan support.
- Banking Committee leaders indicated their bipartisan text was slated for a January 15 markup, with revised language circulating to senators for potential amendments.
- Key disagreements persist over stablecoin rewards, oversight of decentralized finance, and how to divide authority between the SEC and CFTC.
- The framework builds on the House-passed CLARITY Act of 2025, aiming to define digital commodities versus securities and expand CFTC oversight of spot markets.
- Backers say broad cross-aisle support is essential, with analysts pointing to the need for roughly 60 votes to clear procedural hurdles in the Senate.