Senate Banking Committee to vote on market structure bill soon

The Senate Banking Committee will vote next Thursday, Jan. 15, on a market-structure bill that would create a regulatory framework for cryptocurrencies, Chairman Tim Scott (R-S.C.) told Breitbart News.

“If we think about what we’re trying to do, we are trying to make sure that 2026 is the year of affordability by democratizing our economy. How do you do that? Well, one of the fastest ways to do that is to market structure legislation, creating rules of the road so that everyday Americans see their costs go down, their money go up, and their flexibility on real time when you want to have transactions happen 24/7. So this is, from my perspective — the advancement of President Trump’s affordability agenda starts with a markup,” Scott says.

Lawmakers approved the Genius Act last year, establishing federal oversight for payment stablecoins. The new market-structure legislation would extend similar regulatory standards to a wider array of digital assets. The voting is expected to happen by mid-January.