According to the source, David Sacks said U.S. Senators have scheduled a January committee markup for the country’s anticipated crypto market structure bill, signaling the next procedural step in early 2026 if advanced. source: David Sacks public remarks relayed on Dec 19, 2025 In Senate procedure, a committee markup is where members consider amendments and can vote to report a bill to the full Senate, potentially setting up floor action if approved. source: U.S. Senate committee process Traders should monitor official Senate committee calendars to confirm the specific date and manage event risk around the markup window once posted. source: U.S. Senate committee calendars

According to @EleanorTerrett, the US crypto market structure bill markup could slip into January as negotiations continue, extending the regulatory clarity timeline and keeping policy headline risk elevated for crypto assets and related equities. Source: Eleanor Terrett, Crypto In America, Dec 10, 2025, X post. According to @EleanorTerrett, President Trump has begun Federal Reserve Chair interviews, a process that can influence rate-path expectations and liquidity conditions that drive risk appetite in BTC and ETH. Source: Eleanor Terrett, Crypto In America, Dec 10, 2025, X post. According to @EleanorTerrett, the CFTC and the US Office of the Comptroller of the Currency have taken steps to bring crypto mainstream, signaling incremental regulatory integration that can affect exchange, custody, and compliant product flows. Source: Eleanor Terrett, Crypto In America, Dec 10, 2025, X post. Trading takeaways: Monitor a potential January markup window, track CFTC and OCC communications for rulemaking signals, and watch Fed Chair headlines for volatility impacts on BTC, ETH, and US crypto-exposed stocks. Source: analysis based on developments reported by Eleanor Terrett, Dec 10, 2025.

According to @EleanorTerrett, a closed-door bipartisan Senate meeting signaled the crypto market structure bill’s pre-Christmas markup is unlikely, with a leaked GOP compromise showing DeFi front-end sanctions compliance in exchange for protecting software developers and self-custody, while Democrats seek agency representation and ethics provisions; staff fatigue and timing constraints may push markup into January. Source: Eleanor Terrett on X; Politico; BA Policy Summit remarks via Eleanor Terrett. Senator Cynthia Lummis aims to release draft text this week for industry vetting, but timelines look ambitious post-meeting, and Senate Agriculture Chair John Boozman indicated his panel will likely move its own markup to next year due to unresolved issues. Source: Eleanor Terrett on X; Bloomberg Tax. Separately, President Trump has begun final Fed Chair interviews with Kevin Warsh and Kevin Hassett, with other finalists including Christopher Waller, Michelle Bowman, and Rick Rieder, and an early-January decision expected alongside a widely anticipated 25 bp rate cut to 3.5–3.75 percent. Source: Financial Times; Eleanor Terrett on X. The CFTC launched a pilot allowing BTC, ETH, and USDC as eligible derivatives collateral and will assess tokenized Treasuries and money market funds under strict custody and weekly reporting in the first three months. Source: CFTC; Eleanor Terrett on X. The OCC clarified that national banks may conduct riskless principal crypto transactions for non-security digital assets, aligning treatment with existing securities practices and enabling banks to broker client crypto flows without inventory risk. Source: US Office of the Comptroller of the Currency; Eleanor Terrett on X. Industry reaction framed the CFTC and OCC steps as advancing toward a cohesive global market structure. Source: Jeremy Ng on X; Eleanor Terrett on X.

According to @EleanorTerrett, after a bipartisan meeting among senators working on a crypto market structure bill, several lawmakers share Sen. Warner’s view that securing a committee markup next week will be very hard, making a delay into the new year a real possibility for the Senate Banking Committee. Source: @EleanorTerrett on X, Dec 9, 2025. For traders, the immediate takeaway is that a committee markup next week is unlikely, trimming the probability of a near-term US legislative catalyst for crypto regulation. Source: @EleanorTerrett on X, Dec 9, 2025.

According to @jchervinsky, the US Senate is working intensively on the crypto market structure bill, but growing complexity makes a December markup unlikely. Source: @jchervinsky, Dec 4, 2025. He states three unresolved issues are holding up the bill: stablecoin yield, conflicts of interest, and DeFi. Source: @jchervinsky, Dec 4, 2025. For trading, this indicates near-term regulatory clarity is not expected this month and that current policy debate centers on yield-bearing stablecoins, exchange conflict rules, and DeFi oversight, which define the immediate regulatory catalysts to track. Source: @jchervinsky, Dec 4, 2025.

According to @iampaulgrewal, more finance will move on-chain under the leadership of @SECPaulSAtkins once Congress passes a crypto market structure bill, and he urged leaders to finalize remaining details without delay (source: @iampaulgrewal on X, Dec 3, 2025). He reiterated this view in a CNBC segment with Talia Kaplan, framing the legislation as a key trigger for broader on-chain adoption relevant to Bitcoin (BTC) market participants (source: CNBC video linked by @iampaulgrewal).

According to @simplykashif, the US Crypto Market Structure Bill has passed and is described as the most important bill in crypto history, signaling major changes ahead for digital asset trading and market structure (source: @simplykashif on X, Nov 15, 2025). The post does not include the bill’s specific provisions, limiting immediate trade planning; traders should wait for the official text and confirmations to assess potential impacts on BTC, ETH, and altcoin liquidity and volatility around U.S. legislative headlines (source: @simplykashif on X, Nov 15, 2025).

According to @BullTheoryio, the US Senate Agriculture Committee has released a crypto market structure draft bill that formally defines digital commodities and gives the CFTC primary authority over their trading, clarifying jurisdiction previously disputed with the SEC (source: @BullTheoryio). According to @BullTheoryio, the draft implies BTC, ETH, and major altcoins will gain regulatory clarity in US spot and derivatives markets (source: @BullTheoryio). According to @BullTheoryio, developers and blockchain infrastructure providers would be protected from being treated as money transmitters or brokers, reducing legal risk for node operators and smart contract deployers (source: @BullTheoryio). According to @BullTheoryio, a Digital Commodity Retail Office would be created inside the CFTC to support market transparency and investor protection, improving oversight of exchanges and retail-facing platforms (source: @BullTheoryio). According to @BullTheoryio, the bill mandates cooperation with foreign regulators to align global standards, a factor institutions have been waiting for to scale compliant participation (source: @BullTheoryio). According to @BullTheoryio, if enacted, the CFTC would become crypto’s primary regulator for spot markets, exchanges, and derivatives, a development the source characterizes as a green light for institutional capital and potential altcoin ETF products (source: @BullTheoryio).

According to the source, this claim originates from a social media post by a crypto news handle, which cannot be used as a source here. Please provide an official citation (e.g., a Congress.gov bill page with the bill number, a U.S. Senate or House press release, a committee notice, or statements on the sponsoring senators’ official websites) so a trading-focused summary with verified details can be produced.

According to the source, U.S. Senator Cynthia Lummis urged Congress to prioritize passing digital asset market structure legislation and to codify treatment of seized Bitcoin to build a U.S. Strategic Bitcoin Reserve following the reported seizure of 127K BTC by authorities; source: Sen. Cynthia Lummis statement on X, Oct 15, 2025. For BTC traders, a codified reserve framework would likely reduce near-term government disposals compared with historical practice of auctions and brokered sales that add supply; source: U.S. Marshals Service asset forfeiture sales history and U.S. Department of Justice court filing, Mar 31, 2023 (U.S. v. James Zhong). Absent such codification, large tranches of seized BTC can be liquidated via auctions or exchanges, a pattern that has coincided with short-term volatility around transfer announcements in prior cases; source: U.S. Department of Justice press communications and U.S. Marshals Service auction notices. Traders should track progress on the Lummis-Gillibrand market structure efforts that aim to clarify digital asset jurisdiction and treatment, which could materially affect liquidity, custody, and market integrity; source: Offices of Sens. Cynthia Lummis and Kirsten Gillibrand public releases on the Responsible Financial Innovation Act (2023 update). Near term, monitor on-chain movements from addresses attributed to U.S. government seizures as potential leading indicators of disposals; source: Chainalysis research on government-seized crypto tracking and labeled government wallets on public blockchain explorers.