Senate Democrats and Republicans Race to Advance U.S. Crypto Regulation Bill

Source: CryptoNewsNet Original Title: Senate Republicans race toward crypto vote on bill with uncertain Democratic buy-in Original Link: https://cryptonews.net/news/legal/32254299/ Senate Democrats remain engaged in negotiations over legislation to regulate the U.S. crypto industry, though frustrations are mounting as a new draft is being rapidly prepared ahead of the weekend.

The Senate Banking Committee has informed the industry that a markup session is scheduled for next week, which requires an official notice to be issued by Friday night. The Senate Agriculture Committee, which is co-sponsoring the bill, has reportedly been attempting to align its committee vote schedule with the Banking Committee, though it remains unclear whether the top Democrat negotiator on that panel is prepared to move forward.

Senator Tim Scott, chairman of the banking panel, has indicated his readiness to proceed with a markup hearing on January 15 regardless of current status—a session where lawmakers can discuss amendments before deciding whether to advance the bill to the full Senate. However, staff must finalize the bill language before next week begins, so legislative teams have been working intensively to complete the draft.