Why Wednesday’s Crypto Vote Matters For Institutional Adoption
Two Senate committees will vote Wednesday on cryptocurrency market structure legislation that could establish clear regulatory boundaries for digital assets after years of jurisdictional disputes.
The Senate Banking and Agriculture committees scheduled synchronized markup sessions for January 15 to advance bills clarifying whether the SEC or CFTC regulates specific crypto activities.
Wall Street firms view the legislation as essential for institutional adoption.
What Happened
Senate Banking Chairman Tim Scott confirmed his committee will hold a markup at 10 AM ET Wednesday.
The Agriculture Committee, led by Chairman John Boozman, expects to meet the same day to advance its version of the bill.
The legislation would establish…
