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Senate Agriculture and Banking Committees to Hold Markup on Digital Asset Legislation on January 15
Source: CryptoBriefing Original Title: Senate Agriculture and Banking Committees to hold markup on digital asset legislation on January 15 Original Link:
Overview
Two Senate committees plan markup hearings on January 15 to advance sweeping digital asset legislation. The focus of the hearing is to debate and advance legislation targeting crypto market structure.
Key Details
The US Senate Agriculture and Banking Committees will both hold January 15 markups on crypto market structure legislation that aims to clarify regulatory frameworks for digital assets, defining roles for both the CFTC and SEC.
If approved by both committees, the bills would be reconciled and coordinated with the House-passed CLARITY Act before heading to the President.
Additional Discussions
Lawmakers are also expected to debate regulatory conflicts of interest and rules for yield-bearing stablecoins, which banks oppose due to fears of losing deposits.