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printed The Senate Agriculture Committee passed the revised legislation on the cryptocurrency market system and scheduled it to be debated on January 27 despite failing to get Democratic support, which shows that the change can be carried out by two parties after months of stalled negotiations.
Committee chairman John Boozman made the announcement yesterday, agreeing that ” Differences remain on fundamental principles “I express my appreciation for the partnership with Senator Cory Booker.
Boseman said: Although it is unfortunate that we did not agree, I am grateful for the agreement that made this law a good one. “, indicating that the debate will continue at 3 pm in the Russell Senate Office Building.
REFERENCES: Chairman @JohnBoozman releases revised market rules ahead of the January 27th markup. https://t.co/PB7O9FMJlZ pic.twitter.com/k7FuIBgEsk
— Senate Ag Committee Republicans (@SenateAgGOP) January 22, 2026
The legislative process is narrowing as the Banking Committee suspends the Clarity Act
The Agriculture Committee’s decision to move forward with the Digital Commodity Intermediaries Act comes as the Senate Banking Committee delayed work on a similar CLARITY Act until late February or March, according to sources.
The Banking Committee has turned its attention to housing law due to President Trump’s push to curb housing affordability, the president writes that he takes ” Quick ways “On the house plan, which is very important” The American Dream “.
The delay came after Coinbase CEO Brian Armstrong publicly withdrew his support for what he described as “dangerous,” including restrictions on token shares and stablecoin returns.
Patrick Witt, executive director of the President’s White House Cryptocurrency Council, accused Armstrong of ” No bill is better than a bad bill “, warning that delaying legislation puts future Democratic lawmakers at risk of drafting.” Post-crisis punitive legislation, such as the Dodd-Frank Act “.
Witt wrote: You may not like every part of the Clarity Act, but I can guarantee you that you will hate the democratic version of the future. “
Immediately, he confirmed President Trump at Davos 2026 Expects to Sign Legislation to Create Cryptocurrency Market” Recently “, saying that its management is working to ensure” America is still the cryptocurrency capital of the world “.
JUST BE:
President Trump says he hopes to sign the crypto market structure bill (CLARITY Act) soon. pic.twitter.com/2tQQqeefwP
— Altcoin Daily (@AltcoinDaily) January 21, 2026
Democratic opposition has intensified over ethics, with Senator Adam Schiff calling for more control in the White House, and Senator Ruben Gallego describing ethics control as ” The red line “.
The wide difference between the competing bills determines the response of the sector
The revised bill differs from the Banking Clarity Act on several key points, particularly stablecoin yields, which have been a major source of division in the industry.
Section 404 of the CLARITY Act expressly prohibits digital service providers from offering interest or issuance in exchange for stablecoins for payment, even if they offer rewards.” Actions based on “For events, loyalty programs, retention, or participation in governance.
The new bill takes a very different approach by excluding ” Stablecoins are allowed to pay “ Out of the CFTC’s jurisdiction entirely, suspending regulations to programs like the GENIUS Act instead of implementing retroactive regulations.
Specifically, the bill classifies meme-inspired digital currencies as digital assets subject to the CFTC’s jurisdiction, defining them as “assets.” Inspired by Internet memes, personalities, or current events, marketers seek to appeal to an interest group primarily for speculative purposes. “.
Instead, the CLARITY project proposes ” Supportive goods “With the exception of tokens that were the main assets of ETFs that were listed as of January 1, 2026.
In terms of developer protections, the bill creates an Office of Digital Goods Retail Advocacy within the CFTC, while the CLARITY Bill creates a smaller sandbox between the CFTC and the SEC for small businesses.
All of these laws protect software developers from censorship, although Section 604 of the CLARITY Act warned Judiciary Committee chairmen Chuck Grassley and Dick Durbin that ” It greatly reduces the ability of prosecutors to prosecute financial crimes “.
Bankers are strengthening their hold on stablecoins amid the sector’s divergence
The debate surrounding stablecoin returns has highlighted the deep tensions between cryptocurrency platforms and traditional banks.
to warn Bank of America CEO Brian Moynihan recently said that as much as $6 trillion in deposits (about 30% to 35% of US commercial bank deposits) could move to stablecoins, while JP Morgan CFO Jeremy Barnum described stablecoins as fruitful ” A similar approach to banking that also involves other things like interest payments, but without collateral. “.
Galaxy Digital also warned that the banking reform law could give the Treasury “supervisory powers”. Similar to the Patriot Act “, including the power to suspend proceedings for up to 30 days without a court order.
Due to the growing conflict with the banks, Armstrong said that Coinbase is looking to join them in the Davos talks, saying: We will continue to implement market regulation, and we will meet with other bank CEOs to see how we can achieve success. “.
Coinbase CEO @brian_armstrong He said he will take the issue of the US crypto market system in Davos, seeking to compromise with the banks as the rules of the stable in Washington.#Coinbase #CryptoMarketStructure https://t.co/GKvYIkcTSs
– Cryptonews.com (@cryptonews) January 20, 2026
Despite the regulatory uncertainty, Clear Street analyst Owen Lau said, “ Business exploitation cases continue to grow even without a clear Law “, recognizing the adoption of blockchain technology by major financial institutions.
A note Cryptocurrency Bill in the US Legislature is moving to the review stage without Democratic support appeared for the first time Cryptonews Arabic.
