Chairman Scott Announces Digital Asset Market Structure Markup

Chairman Scott Announces Digital Asset Market Structure Markup

Washington, D.C. - Senate Banking Committee Chairman Tim Scott (R-S.C.) announced today that the Committee will hold a markup on comprehensive digital asset market structure legislation on January 15, 2026.

"This legislation is about making America the crypto capital of the world - so the next generation of jobs and innovation is built here, not overseas. When we set clear rules, we give entrepreneurs the confidence to start companies, hire workers, and grow right here in the United States. We also make it harder for criminals and foreign adversaries to use new technology to rip off Americans or undermine our financial system. After months of serious, bipartisan work, it's time to move this forward and deliver real results for the American people," said Chairman Scott.

BACKGROUND:

Chairman Scott believes passing comprehensive market structure legislation will democratize the American economy and establish clear rules of the road for digital assets, all while protecting Main Street retail investors, ensuring future innovation happens in the United States, and safeguarding national security for all Americans.

Senate Banking Committee Republicans, led by Chairman Scott, first released their principles for market structure legislation in June 2025.

Aa a result of multiple hearings in the committee and discussions with the Trump administration, Chairman Scott released a market structure legislation discussion draft and issued a Request for Information (RFI) from dozens of industry stakeholders in July 2025.

Building on extensive feedback from RFI participants, Chairman Scott and his colleagues released a second discussion draft in September 2025.

After months of good-faith, bipartisan negotiations led by Chairman Scott between Senate Republicans and Democrats, both on and off the Senate Banking Committee, he is confident it is time to move forward with a markup on a final market structure legislative product and take the next step in establishing America as the crypto capital of the world.

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