Senate Agriculture’s Top Democrat Demands Significant Changes to Crypto Market Structure Bill

Senator Amy Klobuchar, the ranking Democrat on the Senate Agriculture Committee, has called for "serious changes" to proposed cryptocurrency market structure legislation. During a Tuesday hearing, Klobuchar emphasized the need for stronger consumer protections, clearer regulatory funding mechanisms, and closing loopholes that could undermine existing securities laws.

The legislative push comes as the House nears potential passage of its Digital Asset Markets Clarity Act, though procedural delays have emerged. Klobuchar warned against rushing the process, stating "We're not going to be rolled here," while committee chairman John Boozman highlighted ongoing collaboration with banking regulators.

The debate underscores growing institutional scrutiny of digital assets as lawmakers grapple with balancing innovation against investor protections. With a September 30 deadline looming, the path forward remains uncertain as competing committees work at different paces to shape the regulatory framework.