Senate Banking Committee

The Senate Banking Committee has primary jurisdiction over securities law, the Federal Reserve, housing finance, and, for 2026, the stablecoin and broader crypto market structure legislation running through the Senate. The committee's markup of crypto legislation was delayed to late April 2026 after Democratic senators inserted ethics provisions into the CLARITY Act barring government officials and their families from profiting from Cryptocurrency, provisions targeting World Liberty Financial, the Trump family DeFi project.

Earlier in the cycle, FEC timestamp analysis showed that Andreessen Horowitz contributed $47.6 million to Fairshake PAC on 10 December 2025, five weeks before the Banking Committee's markup of the Digital Asset Markets Structure Act on 14 January 2026. The correlation was cited as evidence of the crypto industry's ability to time large donations to coincide with legislative milestones, raising coordination concerns.

The committee is chaired by Senator Tim Scott of South Carolina, who has generally supported crypto-friendly legislation. The May 2026 floor deadline for the CLARITY Act means a slip in the Banking Committee markup could push crypto regulation past the midterms entirely, leaving the industry operating under existing fragmented SEC and CFTC authority.