Senate Banking Committee Issues Official Notice for Jan. 15

The Senate Committee is proceeding with the CLARITY Act markup next week, issuing an official notice way before the scheduled date, according to its own rules. Chairman of the committee, Tim Scott, also released an announcement, while suggesting that they have bipartisan support for the crypto bill after several amendments.

Banking Committee Issues Official Notice For CLARITY Act Markup

The Senate Committee issued a notice stating that it will meet in executive session to consider the Digital Asset Market Clarity Act of 2025. The markup will hold on January 15 at 10 AM ET.

The staff notice that Punchbowl’s Brendan Pedersen shared on X included information for amendments and the managers’ package. According to the notice, the manager’s amendment will be circulated on January 12. Meawnhile, all member amendments are due no later than January 13.

This development follows the Bipartisan meeting on the CLARITY Act held earlier this week. Following the meeting, Tim Scott confirmed they would proceed with the markup on January 15. The official notice is significant because the committee must give a few days’ notice of the markup under its rules.

The Senate Agriculture Committee is also likely to conduct the markup for its crypto bill, which focuses on the Commodity Futures Trading Commission’s (CFTC) regulatory authority over the crypto industry and how it will regulate digital asset commodities. Unlike the Senate Banking Committee, the Senate Ag only has to give a 24-hour notice on the markup for its bill.

Meanwhile, it is worth noting that with the notice, the Senate Banking Committee has signaled that it is proceeding with the U.S. House’s version of the CLARITY Act. Earlier last year, there were indications that the Senate would focus on its version of the crypto market structure bill. However, that is no longer the case, which could be a positive in terms of how quickly the bill moves through Congress.

Tim Scott Hints At Bipartisan Support For The Crypto Bill

In his announcement, Chairman Tim Scott noted that after months of “serious, bipartisan work, it is time to move forward and deliver real results for the American people.” In an X post, he also reiterated the bipartisan efforts that have gone into making the markup a reality, and highlighted how this progress will ensure they deliver on Trump’s promise to make America the crypto capital of the world.

Ahead of the CLARITY Act markup, an advocacy group, ‘Investors For Transparency,’ has opposed the DeFi provisions in the crypto bill. They are also looking to gain support against the provision by running ads urging viewers to rally behind them.

It is worth noting that the DeFi provisions were among the major issues during the back-and-forth bipartisan negotiations. The Democrats reportedly pushed for provisions that would treat DeFi protocols as centralized intermediaries, even though they have no control over how users use these protocols because of their decentralized nature.