US Senate lawmakers are pushing forward rival crypto market structure bills as two key committees prepare for markup hearings that could shape digital asset regulation for years.
The Senate Agriculture Committee plans to release its draft on 21 January ahead of a markup session scheduled for 27 January at 3:00 p.m.
The Agriculture Committee markup was originally set for 15 January but was delayed to allow further review and coordination.
Markup hearings will give senators the opportunity to debate provisions, propose amendments, and vote on whether the legislation should advance to the full Senate.
The Senate Banking Committee is also pressing ahead with its own markup hearing later this week using a separate draft proposal.
A preliminary version of the Banking Committee bill circulated late on Monday night, with lawmakers signalling that further revisions remain possible.
The parallel efforts highlight growing urgency in Congress to establish clearer rules for crypto markets amid ongoing regulatory uncertainty.
Supporters argue that a defined framework could provide consumer protection while giving the digital asset sector more predictable oversight.