Senate Ag Committee To Release Latest Crypto Market Structure Bill Draft Today

bitcoinistPublicado a 2026-01-21Actualizado a 2026-01-21

Resumen

The Senate Agriculture Committee is releasing its own draft of a crypto market structure bill today after the Banking Committee delayed its markup. This action comes ahead of a crucial vote next week. The delay was partly due to Coinbase withdrawing its support for the bill. The company is now under pressure to negotiate a deal on yield with banking leaders, while Binance and Ripple have expressed support. Coinbase CEO Brian Armstrong raised concerns that the bill could ban tokenized equities, restrict DeFi, expand government data access, and shift regulatory power to the SEC. A White House official warned that the delay could lead to stricter future regulations. Former President Trump expressed optimism, hoping to sign the bill soon to unlock "new pathways for financial freedom."

The Senate Banking Committee delayed the anticipated markup of its crypto market structure bill draft, prompting the Agriculture Committee to take action. The Agriculture Committee is set to release its own version of the bill’s draft today, just ahead of a crucial vote scheduled for next week.

Coinbase Faces Pressure To Negotiate Yield Deal

Eleanor Terret, a reporter with Crypto In America who has been closely monitoring congressional developments regarding cryptocurrency, reported that staffers from the Banking Committee hope a successful bipartisan agreement spearheaded by their counterparts in the Ag Committee could facilitate a smoother markup process.

The responsibility now largely falls on Coinbase—whose sudden withdrawal of support for the bill contributed to the halt in the markup process—to negotiate a deal with banking leaders on yield. At the same time, Binance and Ripple’s leadership have expressed support for the bill’s latest version during their appearance in Davos.

Coinbase CEO Brian Armstrong expressed his apprehensions regarding the implications of the bill last week. He raised concerns that the legislation could prohibit tokenized equities, impose restrictions on decentralized finance (DeFi), and expand government access to financial data, potentially sacrificing individual privacy.

The executive also cautioned that the bill could shift regulatory power from the Commodity Futures Trading Commission (CFTC) to the Securities and Exchange Commission (SEC), which may eliminate stablecoin rewards and hinder competition within the crypto sector.

President Trump Optimistic About Crypto Market Bill

Adding to the tension, Patrick Witt, Executive Director of the White House Crypto Council, took to social media late Tuesday to criticize Coinbase, warning that the delay in the market structure bill could invite stricter regulations under an administration less favorable to digital assets.

Witt’s remarks seemed to corroborate reports from Crypto In America indicating that the White House is frustrated with Coinbase’s withdrawal, which has contributed to the legislative stall.

In a related note, President Donald Trump acknowledged the ongoing efforts surrounding the market structure legislation during his speech in Davos on Wednesday.

He expressed hope that Congress would finalize the bill soon, stating, “Congress is working very hard on crypto market structure legislation, which I hope to sign very soon, unlocking new pathways for Americans to reach financial freedom.”

The 1-D chart shows this week’s drop in the total crypto market capitalization below $3 trillion. Source: TOTAL on TradingView.com

Featured image from OpenArt, chart from TradingView.com

Preguntas relacionadas

QWhy did the Senate Agriculture Committee decide to release its own version of the crypto market structure bill draft?

AThe Senate Agriculture Committee took action because the Senate Banking Committee delayed the anticipated markup of its crypto market structure bill draft.

QWhat specific concerns did Coinbase CEO Brian Armstrong raise about the proposed crypto market structure bill?

ABrian Armstrong expressed concerns that the bill could prohibit tokenized equities, impose restrictions on DeFi, expand government access to financial data, shift regulatory power from the CFTC to the SEC, eliminate stablecoin rewards, and hinder competition in the crypto sector.

QHow did the leadership of Binance and Ripple react to the latest version of the bill during their appearance in Davos?

AThe leadership of Binance and Ripple expressed support for the bill's latest version during their appearance in Davos.

QWhat warning did Patrick Witt, Executive Director of the White House Crypto Council, issue regarding the delay of the market structure bill?

APatrick Witt warned that the delay in the market structure bill could invite stricter regulations under an administration that is less favorable to digital assets.

QWhat did President Donald Trump say about the crypto market structure legislation in his Davos speech?

APresident Trump acknowledged the congressional efforts, expressed hope that Congress would finalize the bill soon, and stated he hoped to sign it to unlock new pathways for Americans to reach financial freedom.

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