The Senate Committee on Agriculture, Nutrition and Forestry has scheduled a Jan. 27 markup hearing for its crypto market structure bill, legislation aimed at bringing “clarity and certainty” to digital asset markets.
In an announcement Monday, the committee — which oversees the Commodities Futures Trading Commission — confirmed that the final markup will take place six days after the bill’s legislative text is released on Jan. 21.
Committee Chairman John Boozman said the timeline is designed to promote transparency and allow for a thorough review as the panel advances legislation to provide clarity for crypto markets.
“I’m grateful to Senator Booker, who continues to be a great partner, as well as our staff for their hard work and dedication to creating new rules that protect consumers while supporting American innovation,” Boozman added.
A Senate markup allows committees to debate legislation, finalize provisions, and propose amendments before voting to advance a bill — in revised or original form — to the full Senate for consideration. If passed by the Senate, the legislation must still clear the House of Representatives before reaching President Donald Trump’s desk.
Crypto legislation faced delays last year due to prolonged government shutdowns, and while another shutdown remains a possibility later this month if funding bills fail to pass, a full shutdown is widely viewed as unlikely.
Earlier this week, U.S. Securities and Exchange Commission Chairman Paul Atkins said he is “bullish” on the prospects of President Trump signing the bill this year. The Senate Banking Committee, which oversees the SEC, has scheduled its own markup hearing for Thursday.
Under the proposed crypto market structure framework, the SEC and the Commodity Futures Trading Commission would serve as the primary regulators of the U.S. crypto industry. The bill has drawn praise for reducing regulatory uncertainty and providing clearer oversight.
Despite its momentum, several contentious issues remain, including provisions related to stablecoin yield and decentralized finance. This week, the Senate Banking Committee released an amended draft seeking to prohibit crypto asset providers from offering passive yield on stablecoin holdings — a measure that has sparked pushback from both the crypto sector and U.S. banking groups.
