**U.S. Senate Banking Committee to Advance Digital Asset Regulation Bill in Second Week of January** The U.S. Senate Banking Committee is expected to move forward with deliberations on a digital asset market regulation bill during the second week of January, following months of delays. Sources familiar with the matter and recent reports indicate the committee may hold a markup session on the *Responsible Financial Innovation Act* that week. This marks a milestone breakthrough for the legislation, which had stalled amid Democratic lawmakers’ concerns over decentralized finance (DeFi) and the longest government shutdown in federal history. Cody Carbone, CEO of digital asset advocacy group The Digital Chamber, confirmed the Senate will at minimum hold a markup for pending market structure legislation in the second week of January. Separately, the Senate Agriculture Committee is reviewing its own version of a market structure bill, which could later advance to a full Senate vote. The House of Representatives passed the *Clarity in Digital Assets Markets Act* (previously the market structure bill) in July. That legislation would expand the Commodity Futures Trading Commission (CFTC)’s authority over digital assets. An early draft of the Senate’s bill signals greater collaboration between the CFTC and the Securities and Exchange Commission (SEC) on cryptocurrency regulation.
