Breaking: Senate Committee Moves Crypto Bill Markup To January 29 as Government Shutdown Looms

Coingapestaff
2 hours ago Updated 12 minutes ago
Coingapestaff

Coingapestaff

Journalist
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Read full bio
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Senate delays crypto bill markup

Highlights

  • The Senate Agriculture Committee has moved the crypto bill markup from January 27 to 29.
  • Severe winter weather disrupted Monday voting and postponed legislation.
  • Partisan disagreements and shutdown risks could further complicate the bill's progress.

The U.S. Senate Agriculture Committee postponed a planned markup of a crypto bill amid rising shutdown risks. The Committee moved the vote to January 29 at 10:30 a.m. ET in Washington. Lawmakers delayed the markup after canceling voting sessions amid a few postponements already.

Crypto Bill Markup Rescheduled by Senate Committee

The crypto bill was originally scheduled for markup on January 27 at 3:00 p.m. ET. However, the SenateAg Committee rescheduled the session to Thursday morning. The Committee also confirmed this development in an X post. 

The postponed session was also tied to a broader government funding package. Federal funding expires Friday night. Meanwhile, the House of Representatives approved its funding measure on Thursday, leaving Senate action unresolved.

As CoinGape earlier reported, the Senate canceled its Monday session due to heavy snow and icy conditions. Lawmakers preemptively halted voting to ensure safety across Capitol Hill. As a result, the markup could not proceed as scheduled.

The bill under review seeks to curb market manipulation and clarify crypto trading rules. Referenced legislation includes the Digital Asset Market Clarity Act. The House already advanced that measure, requiring federal registration for crypto exchanges.

Legislative Scope and Partisan Divide

The crypto bill outlines how digital assets may be classified as commodities or securities. It also defines oversight responsibilities between the SEC and the CFTC. However, the markup remains partisan despite extended negotiations. Only Republican committee members have publicly supported the current text. Two additional weeks of bipartisan talks already delayed an earlier January 15 markup.

Several top voices in the industry have largely supported the latest draft released last Wednesday. They praised protections for noncustodial developers and infrastructure providers. The language keeps regulatory focus on intermediaries, not protocols or users.

Additionally, the Senate Banking Committee has also previously slowed progress on related market structure legislation.  At the time, the Banking Committee bill carried more than 70 pending amendments. Separately, the SEC and CFTC have also today pushed their harmonization event to the same day at 2:00 p.m. ET.

Meanwhile, as CoinGape reported, Polymarket data shows a 79% chance of a government shutdown before January ends. That probability jump reflects unresolved funding negotiations.

Those delays could further disrupt legislative scheduling for the crypto bill. Senate negotiations have progressed more slowly than in the House. As a result, final consideration risks slipping deeper into the year.

Advertisement
coingape google news

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Newsletter
Your crypto brief.
Delivered every day.
  • Insights that move markets
  • 100,000 active subscribers
By signing-up you agree to our Terms and Conditions and Privacy Policy.
About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.