The Senate Agriculture Committee released its own discussion draft market structure bill, addressing digital commodities and how the Commodity Futures Trading Commission might oversee that sector of the crypto market.

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The narrative

We have a new draft crypto market structure bill! Are we any closer to seeing this bill pass through Congress? Sort of.

Why it matters

The Senate Agriculture Committee publishing a first draft bill text is a key step. The draft as released has a number of parts that will likely be updated or otherwise need agreement between Republicans and Democrats before…

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