Senate Banking Committee schedules markup vote on sweeping crypto legislation — second attempt after January cancellation

The Senate Banking Committee has set a date to amend and vote on a wide-ranging crypto regulatory bill, marking the panel's second attempt at a formal markup after the first was cancelled in January. The rescheduled session signals renewed legislative momentum, though the path forward remains uncertain.

Even if the committee votes to advance the bill, ethics-related concerns could emerge as the next procedural hurdle — a complication that has shadowed crypto legislation in recent months given the political environment in Washington.

For markets, the outcome of this markup carries real weight: a successful committee vote would move the bill closer to a full Senate floor debate, potentially accelerating the timeline for a federal crypto regulatory framework that the industry has long sought.