The U.S. Senate's cryptocurrency regulation bill reaches a key milestone, with an amendment meeting scheduled for January 15.

BlockBeats News, January 7 — A comprehensive bill aimed at fully regulating the cryptocurrency industry is set to make progress in the new year, despite uncertain prospects but still with a glimmer of optimism.

According to sources familiar with the matter, Democratic and Republican members met on Tuesday to discuss the bill. Senate Banking Committee Chairman, South Carolina Republican Tim Scott, is "pushing hard" to revise and vote on the bill during a hearing scheduled for this month. Punchbowl News reported on Tuesday that Scott informed lawmakers and staff that he would hold a revision meeting on the Crypto Market Structure Bill "by January 15 — whether or not the bill gains bipartisan support." Scott later confirmed in an interview with Breitbart News that his committee will hold the revision meeting on January 15.

In the Breitbart News interview, Scott said: "I think we need to record publicly and vote, so next Thursday we will vote on the Market Structure Bill. After more than six months of relentless effort, ensuring every member of the committee has access to multiple draft versions." However, sources familiar with the matter pointed out that as of Tuesday, the bill may still not have garnered enough support votes within either party.