The US Senate Agriculture Committee has delayed its planned markup of a crypto market structure bill until the final week of January, as lawmakers seek additional time to secure bipartisan backing. Committee Chairman John Boozman said discussions have been constructive but unresolved details require further negotiation before advancing the legislation.
The bill is closely watched by the crypto industry because it would clarify regulatory jurisdiction between the Securities and Exchange Commission and the Commodity Futures Trading Commission. While the Senate Banking Committee is still expected to proceed with its own markup, the Agriculture Committee oversees the CFTC and plays a central role in shaping derivatives and digital asset oversight.
Ongoing debates include restrictions on stablecoin yield payments, ethics provisions addressing conflicts of interest for public officials, and the treatment of software developers and non-custodial platforms. The delay highlights the complexity of building consensus on crypto regulation amid broader political and institutional uncertainty.
