{"id":6098,"date":"2026-01-15T22:16:29","date_gmt":"2026-01-15T22:16:29","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2026\/01\/15\/senate-democrats-crypto-industry-to-resume-talks-after-market-structure-bill-delay\/"},"modified":"2026-01-15T22:16:29","modified_gmt":"2026-01-15T22:16:29","slug":"senate-democrats-crypto-industry-to-resume-talks-after-market-structure-bill-delay","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2026\/01\/15\/senate-democrats-crypto-industry-to-resume-talks-after-market-structure-bill-delay\/","title":{"rendered":"Senate Democrats, Crypto Industry to Resume Talks After Market Structure Bill Delay"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Senate Democrats, Crypto Industry to Resume Talks After Market Structure Bill Delay<\/a><\/p>\n

<\/div>\n

U.S. Senate Democrats are reportedly set to reopen talks with representatives from the cryptocurrency industry on Friday, according<\/a> to people familiar with the plan speaking to CoinDesk<\/em>.\u00a0<\/p>\n

All this comes less than two days after a last-minute postponement<\/a> of a key Senate Banking Committee hearing on sweeping digital asset legislation.<\/p>\n

The call follows Wednesday night\u2019s abrupt cancellation of the committee\u2019s planned markup of the long-negotiated crypto market structure bill, which had been expected to divide regulatory oversight of digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).\u00a0<\/p>\n

The delay came after Coinbase, the largest U.S.-based crypto exchange, withdrew<\/a> its support for the draft legislation, citing concerns over stablecoin rewards programs and what it viewed as excessive authority granted to the SEC.<\/p>\n

Coinbase CEO, Brian Armstrong, said that banks are trying to \u201ckill their competition\u201d with the crypto market structure legislation. \u201cCrypto companies should be allowed to compete and offer loans just like banks,\u201d Armstrong said. <\/p>\n

Thursday marked a pause in public activity after the cancellation, but lawmakers and industry participants say negotiations are far from over.\u00a0<\/p>\n

Democrats from both the Senate Banking Committee and the Senate Agriculture Committee \u2014 which oversees the CFTC \u2014 are expected to join Friday\u2019s call, along with representatives from crypto policy advocacy groups in Washington, according to reports.\u00a0<\/p>\n

The Banking Committee had been scheduled<\/a> to hold an all-day session Thursday to debate amendments and vote on whether to advance the bill.\u00a0<\/p>\n

That plan unraveled late Wednesday after Coinbase CEO Brian Armstrong said the company could not support the current version of the legislation. Shortly thereafter, Senate Banking Committee Chair Tim Scott, R-S.C., postponed the hearing.<\/p>\n

Lummis: Senate is closer than ever<\/h2>\n

Despite the setback, several lawmakers involved in the negotiations said discussions will continue. In a post<\/a> on X, Sen. Cynthia Lummis, R-Wyo., a leading crypto advocate in the Senate, said lawmakers were \u201ccloser than ever\u201d to reaching agreement.<\/p>\n

\u201cEveryone is still at the negotiating table, and I look forward to partnering with [Chairman Scott] to deliver a bipartisan bill the industry \u2014 and America \u2014 can be proud of,\u201d Lummis wrote Thursday.<\/p>\n

Sen. Bill Hagerty, R-Tenn., echoed<\/a> that optimism, saying he remained \u201cconfident\u201d that lawmakers could reach a consensus \u201cin short order.\u201d<\/p>\n

\u201cI am fully committed to continuing this important work with my colleagues on market structure and look forward to passing legislation that ensures this innovative technology flourishes in the United States for decades to come,\u201d Hagerty said.<\/p>\n

Industry reaction to Coinbase\u2019s withdrawal has been mixed. While Armstrong\u2019s comments intensified scrutiny of the bill, other crypto executives and advocacy groups urged lawmakers to keep pushing forward.<\/p>\n

Kraken co-CEO Arjun Sethi said abandoning negotiations now would worsen regulatory uncertainty for U.S. crypto firms. \u201cWalking away now would not preserve the status quo in practice,\u201d Sethi said in a post on X<\/a>. \u201cIt would lock in uncertainty while the rest of the world moves forward.\u201d<\/p>\n

A major point of contention in recent negotiations<\/a> has been whether stablecoin issuers should be permitted to offer rewards or yield programs \u2014 an issue that has drawn pushback from bank lobbyists and some Democrats concerned about consumer protection and competition with traditional deposits.<\/p>\n

While the Banking Committee\u2019s markup has been postponed, the Senate Agriculture Committee is still expected to hold a hearing on the legislation on January 27, after previously pushing back its own earlier session. Ultimately, both committees\u2019 work would need to be merged before the bill could advance to the full Senate.<\/p>\n

Some analysts see the delay as a strategic pause, with Benchmark\u2019s Mark Palmer saying<\/a> it could help lawmakers build broader bipartisan support and ultimately strengthen what he called a potentially historic overhaul of U.S. financial regulation.\u00a0<\/p>\n

Others are more doubtful: TD Cowen warned<\/a> that bridging Democratic demands and Coinbase\u2019s objections may be difficult, especially since some disputed provisions were already concessions to Democrats, while election-year timing and the Senate\u2019s 60-vote threshold add further hurdles.\u00a0<\/p>\n

This post Senate Democrats, Crypto Industry to Resume Talks After Market Structure Bill Delay<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Senate Democrats, Crypto Industry to Resume Talks After Market Structure Bill Delay U.S. Senate Democrats are reportedly set to reopen talks with representatives from the cryptocurrency industry on Friday, according to people familiar with the plan speaking to CoinDesk.\u00a0 All this comes less than two days after a last-minute postponement of a key […]<\/p>\n","protected":false},"author":0,"featured_media":6099,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-6098","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/6098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=6098"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/6098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/6099"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=6098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=6098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=6098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}