A comprehensive bill from the Senate Banking Committee aimed at regulating the cryptocurrency industry is expected to make progress in the new year, with a glimmer of optimism despite an uncertain outlook. According to sources familiar with the matter, Democratic and Republican members met on Tuesday to discuss the bill, and Senate Banking Committee Chairman Tim Scott, a Republican from South Carolina, is “pushing hard” to hold hearings this month to amend the bill and bring it to a vote. Punchbowl News reported on Tuesday that Scott informed lawmakers and staff that he would hold a "revision session on the Crypto Market Structure Act by January 15—regardless of whether the bill garners bipartisan support." Scott later confirmed in an interview with Breitbart News that his committee would hold a revision session on January 15. “I believe we must go on the record and vote, so next Thursday we will vote on the Market Structure Act,” Scott said in the Breitbart News interview. "Over the past six months, we have worked tirelessly to ensure that every member of the committee has access to multiple draft versions." However, sources familiar with the matter noted that as of Tuesday, the bill may still lack sufficient support from either party.