Senate Agriculture Committee Advances Landmark Crypto Market Structure Bill
The Senate Agriculture Committee has propelled a pivotal cryptocurrency market structure bill forward through a narrow 12-11 party-line vote. This marks the first time a digital asset regulatory framework has cleared a Senate committee, setting the stage for a high-stakes floor debate.
Republican unity overcame Democratic opposition as bipartisan negotiations collapsed earlier. The bill advanced with no substantive amendments despite proposals addressing ethics, bailout protections, and market oversight – all defeated along partisan divides.
The legislation's progression signals growing institutional recognition of crypto's permanence in financial markets. Market participants now await the full Senate's verdict, which could establish foundational US digital asset regulations.
