Senate Agriculture Committee Releases Draft Crypto Market Structure Bill
The Senate Agriculture Committee unveiled a draft bill on Monday aimed at clarifying regulatory jurisdiction between the CFTC and SEC over cryptocurrency markets. Led by Senators John Boozeman and Cory Booker, the legislation seeks to define blockchain terminology and establish joint rulemaking between the two agencies.
Key provisions remain unresolved, with bracketed sections indicating ongoing negotiations. The bill specifically addresses portfolio margining and oversight of intermediaries, though lawmakers continue to voice concerns about regulatory scope and industry risks.
This MOVE represents Congress's latest attempt to bring clarity to digital asset regulation, as the SEC and CFTC have struggled to provide definitive guidance without legislative action. The outcome could significantly impact market structure for major cryptocurrencies including BTC, ETH, and SOL.
