Crypto Market Bill Heads to Senate Agriculture Markup Amid Banking Committee Delays

In brief

  • The Senate Agriculture Committee confirmed a markup for the bill for next Tuesday despite lacking bipartisan alignment.
  • The proposal would regulate digital commodity intermediaries under the CFTC, despite the agency facing resource constraints.
  • Senate Banking has delayed its own work, further complicating the bill’s path.

Senate Committee on Agriculture, Nutrition, and Forestry Chair John Boozman released an updated version of crypto market structure legislation on Wednesday and said it was time to move the bill to markup on Tuesday next week.

While “differences remain on fundamental policy issues,” the committee’s draft includes “input from stakeholders and represents months of work,” Boozman said in a statement.

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