The U.S. Senate's cryptocurrency bill reaches a critical voting milestone; the revision on January 15 will determine its direction.

Cryptocurrency regulation in the United States Congress has reached a significant milestone. Senate Banking Committee Chair Tim Scott confirmed that a revision session and vote on the Crypto Market Structure Act will be held on January 15, indicating that this comprehensive bill aimed at fully regulating the cryptocurrency industry has moved from the discussion phase into a substantive legislative advancement.

Key Milestones in the Bill’s Progress

According to the latest news, Democratic and Republican lawmakers met for discussions on January 7. In an interview, Tim Scott stated that he is “pushing this effort forward” and explicitly mentioned that the revision session will be held on January 15, “regardless of whether the bill gains bipartisan support.” This statement is quite interesting, implying that even if a full bipartisan consensus has not yet been reached, Scott is determined to push the process ahead.

Current Political Landscape

According to informed sources, as of January 7, the bill may still lack enough support votes within both parties. This does not mean there is no support, but that the level of backing might still be insufficient to ensure smooth passage. Such situations are quite common in cryptocurrency regulation issues—there are lawmakers who support crypto innovation and others who focus on consumer protection, and disagreements exist over the specific regulatory framework.

Importance of the Timeline

What Does This Mean

From the perspective of the crypto industry, this progress can be described as “progress but with uncertainty”:

• Positive Signal: Moving from discussion to a substantive vote indicates that lawmakers have a foundation for consensus on the regulatory framework.
• Uncertainty Factors: Currently, support votes may still be insufficient, meaning the outcome of the January 15 vote remains uncertain.
• Industry Impact: If the bill passes, it will establish a clear regulatory framework for the US crypto industry, which is significant for long-term market stability.

Follow-up Focus

The outcome of the January 15 revision session will be crucial. If the bill passes, it will proceed to a full Senate vote; if not, further revisions may be needed. Even if it passes the Senate, it must still go through the House of Representatives. The entire process could take several weeks or even longer.

Summary

The US Senate crypto bill is entering the most critical stage of the legislative process. The January 15 revision session will determine whether the bill can move forward. Although support remains uncertain, the active participation of bipartisan lawmakers and Tim Scott’s firm push suggest that there is a certain level of consensus forming in US politics regarding the development of a crypto regulatory framework. This is a clear signal for the crypto industry: regulation is inevitable, but the specific regulatory content is still being shaped. Close attention should be paid to the voting results of the January 15 session and the specific changes in the bill’s content.