Senators Advance Crypto Market Structure Bill with Key Amendments

Legislative momentum builds as the Senate Agriculture Committee prepares to vote on a pivotal crypto market structure bill. Logistical challenges, including recent severe weather in Washington, D.C., have subsided—clearing the path for Thursday's markup session.

Controversial provisions on credit card swipe fees were notably abandoned after Senators Roger Marshall (R-KS) and Dick Durbin (D-IL) withdrew their proposed amendment. The decision has been welcomed by digital asset advocates seeking regulatory clarity.

Ethics and consumer protection measures now dominate the debate. Proposed amendments target potential conflicts of interest by restricting public officials' use of digital assets. These provisions could influence the bill's trajectory as it moves toward full Senate consideration.

The two-hour markup session will test political alignments in an otherwise procedural vote. While passage appears likely, the legislation's final FORM remains subject to last-minute negotiations on governance and national security concerns.