Senate Advances Crypto Market Structure Legislation with Key Stablecoin Provision
The U.S. Senate Agriculture Committee will release crypto market structure legislation text by January 21, with a markup scheduled for January 27. Chairman John Boozman emphasized the timeline allows for transparent review of frameworks designed to bring regulatory clarity to digital asset markets.
Parallel developments emerged from the Senate Banking Committee, where 137 amendments were submitted to the CLARITY Act. A notable provision prohibits payment stablecoin yield programs—a victory for traditional banks seeking to limit competition from crypto-native interest products.
The legislative push reflects growing institutional engagement with digital assets, though specific coin impacts remain unclear. Market participants await details on how the proposed rules might affect trading venues and asset classifications across major exchanges.
