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Crypto journalist Eleanor Terrett shared the latest developments regarding the Crypto Market Structure Act, also known as CLARITY, with the public.
The U.S. Senate Banking Committee has scheduled its formal review of the bill for Thursday, January 15, 2026. Committee members and advisors are reportedly working intensively to achieve bipartisan consensus on the unresolved issues in the text.
The meeting, held in the office of Banking Committee Chairman Tim Scott, addressed ethical responsibilities for public officials involved in cryptocurrency matters, regulation of returns offered by stablecoin products, bipartisan representation in crypto regulators, and specific provisions for the DeFi ecosystem. Thirteen senators known for their pro-crypto stance attended the meeting, which lasted approximately three hours. While it’s unclear which points were advanced, both Republican and Democratic representatives expressed optimism that the bill could gain bipartisan support.
As Senate debates continue, the crypto sector is also stepping up its lobbying efforts. The Chamber of Digital is planning a congressional event bringing together over 40 of its members with senators. Prominent speakers are expected to include White House Cryptocurrency Commission Executive Director Patrick Witter and Republican Senator Cynthia Lummis. Representatives from numerous companies, including Unicoin, Anchorage Digital, eToro, Coinflip, Input Output Group, Arca, Bitdeer, Binance.US, Crypto.com, VanEck, Hedera, Mara, and Helium, will be among the participants offering industry perspectives on unresolved issues.
According to Terrett, industry leaders will also hold closed-door meetings with senators throughout the week. These contacts are reportedly focused on resolving issues surrounding DeFi regulation and stablecoin yields.
*This is not investment advice.