Overview
- White House crypto czar David Sacks said Chairs Tim Scott and John Boozman confirmed a January markup after his call with them.
- The Senate effort tracks alongside the House-passed CLARITY Act, with the Senate’s RFIA expected to be reconciled with the House version before any final vote.
- A Senate Agriculture Committee discussion draft would give the CFTC primary oversight of spot digital commodities and create new registration categories for exchanges, brokers, dealers and custodians.
- Banking and finance executives, including CEOs from Citigroup, Bank of America and Wells Fargo, have met with lawmakers as lobbying from both traditional finance and crypto firms intensifies.
- Observers warn timing risks remain even with a January markup scheduled, with one prediction market recently placing the odds of passage before 2027 at about 77%.