Congress News

Severe storm conditions in the United States caused the Senate and other government offices to close on Monday.

The committee released a draft bill in November proposing a regulatory framework, but some lawmakers still have concerns about provisions on DeFi, ethics and stablecoins.

Coinbase CEO Brian Armstrong said the industry is working on several ideas to help community banks in the CLARITY market structure bill.

Many in the industry expect it could be weeks before lawmakers on the Senate Banking Committee return to consider a markup for the CLARITY Act.

It's unclear when US lawmakers will return to address a market structure bill, but CEO David Solomon said Goldman Sachs was monitoring its progress for tokenization and stablecoins.

Brian Armstrong posted on X late on Wednesday saying Coinbase couldn't “support the bill as written,“ potentially leading to a postponement in consideration.

Three House Democrats warned that leaving the SEC's case against the Tron founder unresolved could ”undermine investors’ confidence” in the financial regulator.

Republicans called a digital asset market structure bill a bipartisan effort despite pushback from some Democrats on certain provisions.

“We have never seen financial conflicts or corruption of this magnitude,” Senator Elizabeth Warren says of US President Donald Trump’s links to World Liberty Financial.

With the CLARITY Act scheduled for a markup on Thursday, some lawmakers may still be at odds over decentralized finance, stablecoins and ethical concerns.

Senate Agriculture Committee Chairman John Boozman says he’s delayed work on a crypto market structure bill to have more time to secure bipartisan support.

Democratic leaders on key committees considering crypto market structure legislation are reportedly drawing a line in the sand over elected officials profiting off the industry.

The crypto market structure bill is unlikely to come up for a second vote in 2026 if it fails to pass in a vote next week, analyst Alex Thorn said.

The bill came after a Polymarket user netted more than $400,000 on a contract related to the removal of then Venezuelan President Nicolás Maduro, fueling concerns about insider trading.

Coinbase-backed advocacy group says passing US crypto market-structure legislation outweighs election campaigning ahead of the 2026 midterms.