Legislative Progress of the "Cryptocurrency Market Structure Act": Increased Likelihood of Bipartisan Support, DeFi and Stablecoin Yield Issues Remain Unresolved

On January 7th, crypto journalist Eleanor Terrett revealed the latest developments of the “Crypto Market Structure Act” (CLARITY Act). The U.S. Senate Banking Committee has officially scheduled a hearing for Thursday, January 15, 2026, to review the bill. Committee members and their staff are racing against time to reach bipartisan consensus on unresolved issues.

This Tuesday, during a meeting held at the office of Senate Banking Committee Chair Tim Scott, key topics included ethical standards for crypto officials, stablecoin yields, bipartisan representation in crypto regulatory agencies, and several DeFi-specific provisions. Thirteen senators supporting cryptocurrency attended the meeting.

During the three-hour session, it was unclear how many issues were resolved, but both Republican and Democratic senators expressed optimism that the bill might garner bipartisan support. As senators engage in internal negotiations, the crypto industry is stepping up lobbying efforts this week to voice its positions on remaining unresolved issues.

On Thursday, the Digital Chamber of Commerce will hold a lobbying event on Capitol Hill, with over 40 members visiting the Senate to advocate. The event begins at 10 a.m., featuring speakers including Patrick Wirth, Executive Director of the White House Cryptocurrency Committee, and Wyoming Republican Senator Cynthia Lummis.

Participants are expected from companies such as Unicoin, Anchorage Digital, eToro, Coinflip, Input Output Group, Arca, Bitdeer, CEX.US, CEX, VanEck, Hedera, Mara, and Helium. Additionally, some industry leaders will have private meetings with senators to discuss unresolved issues related to DeFi and stablecoin yields.