Dec 18, 2025
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Senate Banking Committee Discusses Crypto Market Structure Bill Progress
The Senate Banking Committee, led by Senator Tim Scott, held a bipartisan meeting regarding the crypto market structure bill. Although no markup hearings are scheduled this week, discussions have been viewed as productive.
Key Points from the Meeting
- Executives from major crypto firms like Coinbase, Kraken, Chainlink, a16z, and Ripple participated.
- Senators from both parties engaged actively, with Democrats Mark Warner and Catherine Cortez Masto posing significant questions.
- Negotiations focused on token classification (securities vs. commodities), stablecoin interest vs. rewards, and DeFi discussions.
The committee confirmed that there will be no markup hearing before Christmas, aiming for potential action in early 2026.
Ongoing Regulatory Discussions
- Jeff Naft, spokesperson for Chair Scott, emphasized a bipartisan approach to digital asset legislation.
- Negotiations intensified with Republicans and Democrats working towards a compromise.
- Democrats seek more time to address concerns about financial stability, market integrity, and ethical considerations related to President Trump's involvement in crypto ventures.
Congress will focus on federal government funding after the holiday break, with current funding expiring on January 30.
