The US Senate's crypto regulation bill reaches a critical juncture, with a revision meeting scheduled for January 15.

ChainCatcher reported that a comprehensive bill aimed at fully regulating the cryptocurrency industry by the Senate Banking Committee is expected to make progress in the new year. Although the outlook remains uncertain, there is still a glimmer of optimism. According to sources, Democratic and Republican members met on Tuesday to discuss the bill. Senate Banking Committee Chairman, South Carolina Republican Tim Scott, is pushing hard to hold a hearing this month to amend and vote on the bill.

Scott informed lawmakers and staff that he would hold a markup session for 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 would hold the markup session on January 15. He stated: "I believe we must go on the record and vote, so next Thursday we will vote on the market structure bill. More than six months of relentless effort have ensured that every committee member has access to multiple versions of the draft." However, sources pointed out that as of Tuesday, the bill may still lack sufficient support from either party.