The Senate Agriculture Committee published its draft crypto market structure bill, a necessary step as the Senate inches toward its own version of the House's Clarity Act

TL;DR The Senate Agriculture Committee released its draft crypto market structure bill (led by Boozeman and Booker) to clearly delineate the regulatory authority of the CFTC (Commodity Futures Trading Commission) and the SEC (Securities and Exchange Commission) over the crypto industry. The draft is incomplete—it still contains bracketed sections for unresolved issues (like DeFi regulation and inter-agency coordination)—and must be combined with a counterpart bill from the Senate Banking Committee. Due to political disagreements and other legislative hurdles, a final Senate floor vote on the combined legislation may not occur until the first quarter of 2026.

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