Senate Agriculture Committee Delays Crypto Market Structure Hearing
- The Senate Agriculture Committee postponed its markup hearing on the crypto market structure bill from Tuesday to Thursday due to a winter storm.
- The bill aims to clarify the oversight role of the Commodity Futures Trading Commission in crypto markets.
- Committee Chair John Boozman and Senator Cory Booker reported “fundamental differences in policy” that hindered agreement on the bill’s text.
- Democrats proposed amendments including ethics commitments for senior officials and bipartisan leadership for regulatory agencies.
- The Senate Banking Committee also postponed its hearing on a similar market structure bill without setting a new date.
The postponement reflects ongoing challenges in reaching consensus on key provisions of the crypto legislation, which seeks to regulate digital assets effectively amid significant political differences.
With the hearing now set for Thursday at 10:30 a.m. ET, lawmakers will continue to navigate complex issues surrounding CFTC oversight and proposed amendments affecting senior government officials’ ethics commitments.
