According to Eleanor Terrett, Coinbase’s surprise withdrawal of support for the crypto market structure bill forced the Banking Committee to delay its planned Thursday markup (source: Eleanor Terrett on X, Jan 16, 2026). According to Eleanor Terrett, she asked Coinbase Head of U.S. Policy Kara Calvert whether talks with Banking Committee members had resumed following the withdrawal (source: Eleanor Terrett). According to Eleanor Terrett, Kara Calvert characterized the development as definitely a shock (source: Eleanor Terrett).

According to the source, the reported delay of the U.S. Senate crypto market structure bill markup to late January is not verifiable without an official committee notice; traders should rely on the Senate Banking Committee and Senate Agriculture Committee hearings calendars for confirmation before trading headline risk. Source: U.S. Senate Banking Committee hearings calendar https://www.banking.senate.gov/hearings; U.S. Senate Agriculture Committee hearings calendar https://www.agriculture.senate.gov/hearings. Watch for a formal markup announcement or committee press release to gauge timing of potential regulatory headlines that could impact BTC and ETH liquidity. Source: U.S. Senate committees publish official notices on senate.gov committee pages https://www.senate.gov/committees/committees_home.htm.