The U.S. Senate's cryptocurrency regulatory bill has reached a critical juncture, with a revision meeting scheduled for January 15

A comprehensive bill aimed at regulating the cryptocurrency industry comprehensively is expected to make progress in the new year, with a glimmer of optimism despite unclear prospects. According to informed sources, Democratic and Republican members met on Tuesday to discuss the bill, and Senate Banking Committee Chairman Tim Scott, a Republican from South Carolina, is pushing hard to revise and vote on the bill during a hearing scheduled for this month.

Scott informed lawmakers and staff that he will hold a markup of the crypto market structure bill by January 15, regardless of whether the bill receives bipartisan support. Scott later confirmed in an interview that his committee will hold the markup on January 15. He stated, "I believe we must have a public record and vote, so next Thursday we will vote on the market structure bill. The relentless efforts over the past six months have ensured that every member of the committee has access to multiple draft versions." However, sources noted that as of Tuesday, the bill may still not have enough support from either party.