Markup of Senate Crypto Market Structure Bill Pushed to Late January

In brief

  • The Senate Agriculture Committee has postponed its markup of the FIT21 crypto bill to late January.
  • Chairman John Boozman said bipartisan talks made progress but need more time to settle details.
  • Crypto industry support hinges on how the bill addresses DeFi and yield-bearing stablecoins.

The Senate Committee on Agriculture, Nutrition, and Forestry has postponed a planned markup of sweeping crypto market structure legislation to the last week of January, with Chairman John Boozman (R-AR) saying bipartisan talks had progressed over the past weekend, but still required more time to finalize outstanding issues before the bill could advance.

In a statement released Monday, Boozman said the committee would delay consideration of the…

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