BlockBeats news: On January 1st, after several months of delays, the U.S. Senate Banking Committee is expected to advance the consideration of a regulatory bill for digital asset markets during the second week of January this year.
According to related reports and informed sources, the banking committee may hold a revision meeting on the "Responsible Financial Innovation Act" during the second week of January. This move marks a potential breakthrough in the legislative process, which has been slow due to Democratic lawmakers' concerns about decentralized finance and the longest government shutdown in U.S. history.
Cody Carbone, CEO of the digital asset advocacy group The Digital Chamber, stated that in the second week of January, the Senate will hold at least a revision session for pending market structure legislation. Additionally, the U.S. Senate Committee on Agriculture is reviewing its version of the market structure bill, which may later be submitted for a full Senate vote.
This market structure bill, previously passed in July in the House under the name "Clarity for Digital Asset Markets Act (CLARITY)," is expected to grant the U.S. Commodity Futures Trading Commission (CFTC) greater authority to regulate digital assets. Early drafts of the Senate bill indicate that the CFTC and the U.S. Securities and Exchange Commission (SEC) will collaborate more closely on cryptocurrency regulation.