Overview
- Banking Committee Chair Tim Scott said the panel will vote on the Digital Asset Market Clarity Act on Jan. 15 after months of stalled talks, with Sen. John Kennedy also pointing to that date.
- Major sticking points remain, including conflict‑of‑interest restrictions for senior officials, DeFi safeguards, limits on stablecoin yield, money‑transmitter treatment, and regulator quorum and jurisdiction.
- White House crypto lead David Sacks met senators at Scott’s office as industry groups organized a Thursday lobbying blitz, with executives from firms such as Binance.US, Crypto.com and Anchorage planning meetings.
- Republicans signal they may advance the bill without bipartisan agreement, while some pro‑crypto lawmakers caution that a party‑line markup could imperil the bill’s path through the full Senate and the Agriculture Committee.
- TD Cowen projects final passage may slip to 2027 with implementation toward 2029, and CoinShares cited $952 million in recent outflows tied in part to prolonged regulatory uncertainty.