US crypto market structure bill advances as Senate Agriculture Committee approves legislation
The US Senate Agriculture Committee has approved the Digital Commodities Intermediary Act, advancing the crypto market structure bill after weeks of debate and amendment discussions. The approval, confirmed by Senator Cynthia Lummis, marks a key procedural step, allowing the legislation to move toward full Senate consideration. The committee reviewed amendments covering ethics rules, national security restrictions, consumer protections, and CFTC authority. While Senate passage is not guaranteed, the vote represents significant progress in establishing a regulatory framework for digital commodity intermediaries, particularly in spot market oversight. Further negotiations on jurisdiction and enforcement are expected as the bill proceeds.
ambcrypto01/29 17:38
