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《Crypto Market Structure Bill》 Legislative Update: Increased Bipartisan Support Probability, DeFi and Stablecoin Yield Concerns Linger
BlockBeats News, January 7th, Cryptocurrency journalist Eleanor Terrett revealed the latest development of the Cryptocurrency Market Structure Act (CLARITY Act). The U.S. Senate Banking Committee has officially scheduled a hearing for Thursday, January 15, 2026, where members and their staff are racing against time to reach a bipartisan consensus on outstanding issues.
This past Tuesday, at a meeting held in the office of Banking Committee Chair Tim Scott, issues such as cryptocurrency-related public official ethics standards, stablecoin yields, bipartisan representation in cryptocurrency regulatory agencies, and several DeFi-specific provisions were key topics of discussion. Thirteen senators supportive of cryptocurrency attended the meeting. While it is unclear how many issues were resolved during the three-hour meeting, both Republican and Democratic senators expressed optimism that the bill may receive bipartisan support.
As senators engage in internal negotiations, the cryptocurrency industry has been ramping up its lobbying efforts this week to make its voice heard on remaining unresolved issues. On Thursday, the Digital Chamber of Commerce will hold a lobbying event on Capitol Hill, with over 40 members heading to the Senate to lobby. The event will begin at 10 a.m., with speakers including White House Cryptocurrency Council Executive Director Patrick Witt and Wyoming Republican Senator Cynthia Lummis. 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 in the event. Additionally, this week, some industry leaders will meet privately with senators to discuss some unresolved issues related to DeFi and stablecoin yields.
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