[Senate Banking Committee Chair Meets with Coinbase and Other Representatives, Plans to Follow Up on Text in Early 2026] Senate Banking Committee Chair Tim Scott and staff met with representatives from Coinbase, Kraken, Chainlink, a16z, and Ripple to discuss the text jointly drafted by the committee and Democrats. This meeting replaced the originally planned market structure markup hearing. The committee does not intend to hold a markup hearing on the text before the Christmas holiday but plans to follow up in early 2026. It is currently uncertain whether the text will be made public or what the subsequent developments will be.