TLDR:Senate plans markups next month as committees finalize crypto market structure revisions.New bipartisan drafts reshape CFTC and SEC oversight across digital asset rules.The merged bill heads to a Senate vote before returning to the House for approval.Shutdown delays pushed the CLARITY Act timeline into early 2026, per reporting.The crypto market structure debate picked up speed after new details emerged from Capitol Hill. Senator Tim Scott outlined a fresh timeline that places committee action on the bill next month. His update confirmed that the Senate aims to move its version to the floor early next year. The information surfaced through a series of posts from journalist Eleanor Terrett, who has tracked the bill’s progress.Senate Pushes Forward With CLARITY Act TimelineThe CLARITY Act remains the core framework shaping the market structure effort, according to Terrett’s posts. She noted that the Senate’s version mirrors the House bill while incorporating adjustments across oversight areas. The Senate Agriculture Committee is refining the commodities section, which covers the CFTC mandate. The Banking Committee is preparing updates that focus on SEC rules and illicit finance.Work from both committees has produced early drafts, as referenced in Terrett’s coverage. Earlier documents came from GOP members, but the next release is expected to be bipartisan. That shift signals a cooperative phase as lawmakers balance regulatory priorities. Terrett reported that the Agriculture Committee already circulated a bipartisan discussion draft last week.The Banking Committee’s completed text will mark the final step before formal markup. Scott’s comments point to votes in both committees early next month. Once passed, the two versions will merge into a single package. That merged bill is the text Scott wants ready for the Senate floor at the start of next year.The House will review that final text once the Senate approves it. That stage returns the process to the chamber that first passed the CLARITY Act in July. According to Terrett, the House vote will position the bill for submission to the president. She added that the 43-day government shutdown contributed to the current delay.Some more clarity here, pardon the pun: The CLARITY Act and the crypto market structure bill are the same thing. The CLARITY Act was passed by the House in July and the Senate has been working on its own version, which is what @SenatorTimScott was referring to below.The… https://t.co/kFQyNbYlIk— Eleanor Terrett (@EleanorTerrett) November 19, 2025House-Passed CLARITY Act Aligns With Senate’s Revised StructureThe House version offers the baseline structure that the Senate continues to refine. Terrett highlighted that the Senate version is anchored in the Responsible Financial Innovation Act. It borrows heavily from the House text but incorporates committee adjustments. Those changes reflect jurisdictional boundaries between commodities and securities oversight.Both versions aim to define responsibilities between federal agencies. The Agriculture Committee’s updates shape rules around trading and derivatives. The Banking Committee’s work centers on compliance frameworks and supervisory authority. Terrett’s posts clarified the division of labor as each committee completes its revisions.Legislators intend to consolidate the drafts after markups conclude. That process sets the stage for a single Senate vehicle. Scott’s remarks, reported in Terrett’s thread, indicate a target for early 2026 passage. The timeline positions the bill as one of next year’s major regulatory items.Market observers following Terrett’s reporting view the updates as a structured step in a longer process. The bill’s pace reflects the scale of coordination between committees. Its progress also reflects renewed legislative stability after the prolonged shutdown. The combined effect shapes expectations as the crypto market structure bill moves into its next phase.The post CLARITY Act Edges Forward After Senate Confirms Floor Vote Window appeared first on Blockonomi.