According to the source, Senator Cynthia Lummis said bipartisan digital asset legislation text is ready for a Thursday markup, signaling an imminent committee session that could advance the bill. Source: public statement by Senator Cynthia Lummis quoted in a Jan 13, 2026 post. A markup is a formal committee meeting where members debate, amend, and vote on a bill, potentially moving it toward the Senate floor. Source: U.S. Senate Glossary of Terms. Traders should treat the scheduled markup as a headline-risk window, as empirical research shows crypto prices, including BTC and ETH, react strongly to regulatory announcements. Source: BIS Quarterly Review (Auer and Claessens, 2019) on market reactions to cryptocurrency regulation news.

According to @Andre_Dragosch, Polymarket users assign an 80% probability that the Clarity Act will be signed into law this year, indicating high market-implied odds on U.S. crypto regulation progress; source: Andre Dragosch on X citing Ryan Rasmussen, Jan 13, 2026. The bill cleared the House last year and is currently moving through the Senate with committee markups expected this week, setting a near-term legislative timeline for event traders; source: Andre Dragosch on X citing Ryan Rasmussen, Jan 13, 2026. Key sticking points under discussion are stablecoins (yield treatment) and DeFi (developer protections), which define the core regulatory contours for crypto markets if enacted; source: Andre Dragosch on X citing Ryan Rasmussen, Jan 13, 2026.

According to @EleanorTerrett, the U.S. Senate has selected a markup date for market structure legislation, signaling a scheduled committee session to work on the bill (source: @EleanorTerrett on X, Dec 31, 2025). In congressional procedure, a markup is when a committee debates, amends, and may vote to advance a bill to the full chamber, setting the pathway for potential floor consideration and timeline clarity (source: U.S. Senate, Senate Glossary). For trading, monitor the committee calendar for the session date, the publication of amendment packages, and the post-markup vote tally to manage event risk and regulatory timeline expectations (source: U.S. Senate, Senate Glossary).