The US Senate Banking and Agriculture Committees will hold markup sessions on January 15 to discuss their respective crypto market structure bills. If both bills advance, they will be reconciled into a unified package before being sent to the Senate floor for a vote. Key issues still need resolution, including user rights and sanctions enforcement.

The U.S. Senate has moved closer to final approval of the GENIUS Act, which aims to regulate stablecoin issuers, passing a significant vote with bipartisan support. Concurrently, the House of Representatives is advancing the Digital Asset Market Clarity Act, establishing a framework for crypto market oversight. Both legislative efforts signify a major shift in U.S. crypto policy, addressing the need for regulation amidst growing market activity.

U.S. Senators Bill Hagerty and Kirsten Gillibrand are optimistic that the "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS) Act could pass the Senate next week, despite recent objections from Democrats regarding consumer protection and corporate involvement. The bill aims to establish a regulatory framework for stablecoins, with ongoing negotiations expected to address concerns raised by lawmakers.