Us Senate Ag Punts Markup On Crypto Bill To End Of Month 2026

Senate Agriculture Committee Chairman John Boozman says he’s delayed work on a crypto market structure bill to have more time to secure bipartisan support.

The US Senate Agriculture Committee has pushed its markup of the crypto market structure bill to the end of January, saying it needs more time to garner support for the legislation.

Committee Chairman John Boozman said on Monday that he wanted to advance a bipartisan-supported bill and has “made meaningful progress and had constructive discussions as we work toward this goal.”

“To finalize the remaining details and ensure the broad support this legislation requires, additional time is needed before moving to markup,” he added. “The committee will mark up this legislation during the last week of January.”

The crypto industry is highly anticipating the bill, as it would define how the country’s market regulators, the Securities and Exchange Commission and the Commodity Futures Trading Commission, would police the crypto market.

The Senate Agriculture Committee oversees the CFTC and initially slated a markup for the bill on Thursday to coincide with a markup of the same bill by the Senate Banking Committee, which oversees the SEC, and is still to go ahead.

The market structure bill under consideration in the Senate is separate from the House’s CLARITY Act, which it passed in July, due to procedural rules.

Some of the changes that lawmakers and lobbyists are pushing to include are a ban on all stablecoin yield payments and provisions for ethics laws.

A number of Democratic Senators are pushing for conflict-of-interest guardrails in the bill, with provisions to prohibit public officials, including President Donald Trump, from profiting from any connections to crypto companies.

Related: Charles Hoskinson doubts CLARITY Act timeline, says Trump crypto czar should quit

Source: CoinTelegraph