US Senate Crypto Market Structure Bill Targets April Banking Committee Vote

US Senator Bill Hagerty said a US crypto market structure path could advance in April. Speaking at the Digital Assets and Emerging Tech Policy Summit, he expects lawmakers to move the bill through the Senate Banking Committee starting next week. Hagerty noted “several issues still outstanding,” but said they are close and the legislation could be out of the banking committee in April. The bill—originally the CLARITY Act when it passed the House in July—has faced congressional delays due to factors including stablecoin yield pushback and ethics concerns. If approved, it would create a broad US regulatory framework that shifts much oversight from the SEC toward the CFTC. Because both agencies are involved, the bill also needs approval involving the Senate Agriculture Committee (commodities) and the banking committee (securities). Hagerty linked timing to the political calendar, suggesting that April progress would allow lawmakers to “get this taken care of before the midterms.” His comments echoed Coinbase chief legal officer Paul Grewal, who previously said lawmakers were close on stablecoin yield and other market structure issues. Separately, US crypto political groups are preparing for the next election cycle. Stand With Crypto highlighted that voting outcomes could affect the 2026 midterms. Fairshake said it has a $193 million war chest for November 2026, and Fellowship PAC appointed Tether executive Jesse Spiro as chair. For traders, this crypto market structure timeline raises expectations for near-term regulatory momentum, but key outstanding issues and committee scheduling risk still remain.