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Eleanor Terrett: The likelihood of bipartisan support for the "Crypto Market Structure Bill" has increased, while the issues of DeFi and stablecoin yields remain unresolved

Cryptocurrency journalist Eleanor Terrett revealed the latest developments on the "Cryptocurrency Market Structure Act" (CLARITY Act). The U.S. Senate Banking Committee has officially scheduled a review of it for Thursday, January 15, 2026, and committee members and their staff are racing against time to reach bipartisan consensus on outstanding issues.On Tuesday, during a meeting at the office of Banking Committee Chairman Tim Scott, topics such as the ethical standards for public officials related to cryptocurrency, stablecoin yields, bipartisan representation in cryptocurrency regulatory bodies, and several DeFi-specific provisions were the focus of discussion, attended by 13 pro-cryptocurrency senators. It remains unclear how many issues were resolved during the three-hour meeting, but both Republican and Democratic senators expressed optimism that the bill could gain bipartisan support.As senators engage in internal negotiations, the cryptocurrency industry is ramping up lobbying efforts this week to make its voice heard on the remaining unresolved issues. On Thursday, the Digital Chamber will hold a lobbying event on Capitol Hill, with over 40 members heading to the Senate to lobby.The event will start at 10 a.m., featuring speakers including Patrick Harker, Executive Director of the White House Cryptocurrency Council, and Cynthia Lummis, Republican Senator from Wyoming. Representatives from companies such as Unicoin, Anchorage Digital, eToro, Coinflip, Input Output Group, Arca, Bitdeer, Binance.US, Crypto.com, VanEck, Hedera, Mara, and Helium are expected to participate. Additionally, some industry leaders will meet privately with senators this week to discuss unresolved issues related to DeFi and stablecoin yields.

The legislative progress of the "Crypto Market Structure Bill" has increased the likelihood of bipartisan support, while the issues of DeFi and stablecoin yields remain unresolved

Cryptocurrency journalist Eleanor Terrett revealed the latest developments on the "Crypto Market Structure Act" (CLARITY Act). The U.S. Senate Banking Committee has officially scheduled a review for Thursday, January 15, 2026, and committee members and their staff are racing against time to reach bipartisan consensus on outstanding issues.On Tuesday, during a meeting at the office of Banking Committee Chairman Tim Scott, topics such as the ethical standards for public officials related to cryptocurrency, stablecoin yields, bipartisan representation in cryptocurrency regulatory bodies, and several DeFi-specific provisions became focal points of discussion. Thirteen pro-cryptocurrency senators attended the meeting. It remains unclear how many issues were resolved during the three-hour meeting, but both Republican and Democratic senators expressed optimism that the bill could garner bipartisan support.As senators engage in internal negotiations, the cryptocurrency industry is ramping up lobbying efforts this week to make its voice heard on the remaining unresolved issues. On Thursday, the Digital Chamber will hold a lobbying event on Capitol Hill, with over 40 members heading to the Senate to advocate. The event will start at 10 a.m., featuring speakers such as Patrick Harker, Executive Director of the White House Cryptocurrency Committee, and Wyoming Republican Senator Cynthia Lummis.Representatives participating in the event are expected to come from companies such as Unicoin, Anchorage Digital, eToro, Coinflip, Input Output Group, Arca, Bitdeer, Binance.US, Crypto.com, VanEck, Hedera, Mara, and Helium. Additionally, some industry leaders will meet privately with senators this week to discuss unresolved issues related to DeFi and stablecoin yields.

The U.S. Senate Agriculture Committee's cryptocurrency bill grants new powers to the CFTC, but key issues remain unresolved

According to The Block, the U.S. Senate Agriculture Committee has released a draft legislation for regulating the cryptocurrency industry, granting new powers to the CFTC.Previously, the House had passed the Digital Asset Market Transparency Act in July, and the Senate subsequently began drafting its own related legislation. The draft proposed by the Republican-led Senate Banking Committee aims to delineate the jurisdiction between the SEC and the CFTC, introducing the new concept of "ancillary assets" to clarify which cryptocurrencies do not fall under the category of securities. Given that the Senate Agriculture Committee has jurisdiction over the CFTC, the draft it proposed is particularly crucial. This 155-page draft defines digital commodities and establishes a regulatory framework for the CFTC.Draft author Cory Booker stated that more work needs to be done, particularly concerning concerns about CFTC's insufficient resources and potential regulatory arbitrage due to bipartisan committee issues, as well as issues related to public corruption and the adequacy of regulatory measures. The Agriculture Committee's draft provides new funding sources for the CFTC, indicating that the CFTC should charge unspecified cryptocurrency entities. The parentheses in the draft reflect "unresolved issues" that still need to be negotiated by both sides. Additionally, Democrats face obstacles related to conflicts of interest in Trump's cryptocurrency business, and the Agriculture Committee's draft already includes provisions regarding conflicts of interest.
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