According to the source, U.S. Senate Banking Committee Chairman Tim Scott canceled Thursday’s planned crypto market structure markup, and no new date has been set (source: X post dated Jan 15, 2026). This pauses formal committee consideration of the crypto market structure bill and delays any immediate Senate markup-driven catalysts (source: X post dated Jan 15, 2026). Traders should monitor the Committee’s official calendar for a rescheduled date and be alert to headline-driven volatility in U.S. regulation-sensitive assets such as BTC and ETH when the markup is reset (source: U.S. Senate Banking, Housing, and Urban Affairs Committee website).

According to @EleanorTerrett, advocacy group Investors For Transparency is airing prime-time ads on Fox News urging viewers to oppose DeFi provisions in the forthcoming U.S. crypto market structure bill; source: @EleanorTerrett on X, Jan 10, 2026. She reports that senators are scheduled to vote in relevant committees next week and that the Senate Banking Committee will release its portion of the bill ahead of Thursday's markup, which will clarify the current DeFi language; source: @EleanorTerrett on X, Jan 10, 2026. The treatment of DeFi is described as one of the most hotly contested elements among lawmakers, TradFi, and the crypto industry, with the exact language still unclear until the committee release, establishing a defined regulatory timeline for DeFi market participants next week; source: @EleanorTerrett on X, Jan 10, 2026.

According to the source, Rep. French Hill helped drive House passage of the Financial Innovation and Technology for the 21st Century Act (H.R. 4763, FIT21) in May 2024, a market-structure bill that clarifies SEC and CFTC oversight of digital assets (source: Clerk of the U.S. House; Congress.gov; U.S. House Financial Services Committee). He served as Chair of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion in the 118th Congress, overseeing related hearings and markups (source: U.S. House Financial Services Committee). The Clarity for Payment Stablecoins Act advanced out of the House Financial Services Committee in July 2023, signaling ongoing bipartisan work on a federal stablecoin framework (source: U.S. House Financial Services Committee). For traders, the next procedural steps to watch are Senate consideration of FIT21 and stablecoin legislation and scheduling updates on Congress.gov and the Senate Banking Committee docket, which determine timing for potential regulatory clarity affecting U.S. market access for BTC and ETH (source: Congress.gov; U.S. Senate Committee on Banking, Housing, and Urban Affairs).