{"id":20521,"date":"2026-01-23T16:36:57","date_gmt":"2026-01-23T16:36:57","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cryptos-capitol-hill-squeeze-senate-gop-pushes-market-bill-as-snow-and-partisanship-cloud-path\/"},"modified":"2026-01-23T16:37:04","modified_gmt":"2026-01-23T16:37:04","slug":"cryptos-capitol-hill-squeeze-senate-gop-pushes-market-bill-as-snow-and-partisanship-cloud-path","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cryptos-capitol-hill-squeeze-senate-gop-pushes-market-bill-as-snow-and-partisanship-cloud-path\/","title":{"rendered":"Crypto\u2019s Capitol Hill squeeze: Senate GOP pushes market bill as snow\u2014and partisanship\u2014cloud path"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Washington\u2019s long-promised crypto market structure deal is headed for a partisan test, with Senate Republicans poised to advance their bill next week after talks with Democrats broke down\u2014assuming lawmakers can even make it back to town through a looming snowstorm.<\/p>\n<div id=\"cn-block-summary-block_10fd77d784b465ce355f3ec8c5122e09\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Republicans released a revised crypto market structure bill after talks with Democrats collapsed.<\/li>\n<li>Legislators now look to a party-line vote in next Tuesday\u2019s Senate Agriculture Committee markup\u2014weather permitting amid a looming snowstorm.<\/li>\n<li>Stakeholders say the bill closely tracks the House\u2019s bipartisan Clarity Act, protects noncustodial developers, classifies meme coins as digital commodities, and funds the CFTC through industry fees.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The Senate Agriculture Committee released updated legislative text late Wednesday, with Chairman John Boozman (R-Ark.) conceding that negotiations failed to produce a bipartisan compromise despite a two-week extension. <\/p>\n<p>That\u2019s according to former Fox Business reporter Eleanor Terrett, who posted about the development on X.<\/p>\n<p>The result is a Republican-backed bill with no Democrats on the committee publicly supporting it, including Sen. Cory Booker (D-N.J.), the lead Democratic negotiator. A markup scheduled for Tuesday could therefore pass on party lines\u2014marking a sharp contrast with the House Agriculture Committee\u2019s Clarity Act, which advanced 47\u20136 with broad bipartisan support.<\/p>\n<p>Industry reaction has been cautiously upbeat. Stakeholders say the Senate bill largely mirrors the House version, particularly in its narrow focus on intermediaries rather than protocols or users, and its protections for noncustodial software developers and infrastructure providers. The text also classifies meme coins as digital commodities\u2014defined as tokens primarily marketed online for speculative trading\u2014while giving regulators flexibility to carve out exceptions. Like the SEC, the CFTC would receive ongoing funding through fees paid by regulated platforms.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8NEW: Where do we stand on crypto market structure legislation right now? The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/SenateAg?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@SenateAg<\/a> Committee released its latest legislative text last night, with Chairman <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/JohnBoozman?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@JohnBoozman<\/a> (R-AR) acknowledging that Republicans and Democrats failed to reach a deal despite an extra two weeks of\u2026<\/p>\n<p>\u2014 Eleanor Terrett (@EleanorTerrett) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/EleanorTerrett\/status\/2014403215824191905?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 22, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Still, the legislative runway is narrowing. <\/p>\n<p>While Booker\u2019s team says he will continue working with Boozman to try to get the bill passed and signed into law\u2014leaving open the possibility of some Democratic support\u2014the Senate Banking Committee appears likely to delay its own market structure markup for weeks as it turns to housing legislation tied to President Trump\u2019s affordability agenda. <\/p>\n<p>Talks between banks, Coinbase and lawmakers over the contentious \u201cyield\u201d issue have not restarted, and both the White House and Banking Committee leaders have signaled progress there is a prerequisite for moving forward.<\/p>\n<p>For now, the crypto industry\u2019s attention is fixed on Senate Ag\u2019s Tuesday 3 p.m. ET markup\u2014weather permitting\u2014as up to two feet of snow threatens to become an unlikely but very real spoiler in crypto\u2019s march through Congress.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington\u2019s long-promised crypto market structure deal is headed for a partisan test, with Senate Republicans poised to advance their bill next week after talks with Democrats broke down\u2014assuming lawmakers can&hellip;<\/p>\n","protected":false},"author":1,"featured_media":20522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20521"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20521\/revisions"}],"predecessor-version":[{"id":20523,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20521\/revisions\/20523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/20522"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}