CRYPTO MARKET STRUCTURE BILLS THIS WEEK

Summary from the TLDR Crypto newsletter

Both the Senate Banking and Senate Agriculture Committees have scheduled markup sessions for January 15 to review their respective crypto market structure bills – a critical procedural step where members debate, propose amendments, and vote on advancement. If both bills advance, they would be reconciled into a unified Senate package, sent to the Senate floor, then reconciled with the House-passed CLARITY Act before final votes and presidential signature. Unresolved issues include Americans' rights to earn stablecoin rewards, DeFi sanctions screening requirements at the UI level, and self-custody protections. Banking Committee Chair Tim Scott set January 15 as a firm deadline. Kalshi prediction markets currently assign a 45% probability of passage before May and 66% before 2027.