US Senate Democrats Meet Behind Closed Doors to Discuss Crypto Market Structure Act

US Senate Democrats will hold a closed-door meeting tomorrow (February 4, 2026) to discuss market structure legislation related to crypto assets. This is the first member-level meeting on the Democratic side since the Senate Banking Committee postponed its planned markup hearing last month.
The focus of the meeting will likely be on critical issues affecting the fate of the sector, such as the SEC-CFTC separation of powers under the CLARITY Act, the stablecoin yield debate, the status of tokenized assets, and DeFi regulations.
Similar issues (especially the stablecoin yield issue) were also discussed at a meeting between crypto sector and banking representatives at the White House in recent weeks, and pressure was put on to reach a compromise this month. However, the disagreements between banks and the crypto industry have not yet been fully resolved. This closed-door meeting is a crucial threshold for the fate of the crypto bill in the Senate. If bipartisan support cannot be secured, the process is likely to be further prolonged. I am closely following developments.