The US Senate Agriculture Committee is expected to unveil an updated version of its digital asset market structure legislation, a key step in shaping how cryptocurrencies and related activities are regulated in the United States. The move comes amid growing debate over decentralized finance, stablecoins, and ethical safeguards.
Committee Chair John Boozman has indicated that the panel will release its revised text of the Digital Asset Markets Clarity (CLARITY) Act by the end of the business day Wednesday. A markup hearing is scheduled for the following week, signaling continued legislative momentum despite recent setbacks in parallel efforts. The committee previously issued a draft in November outlining a framework to divide oversight between securities and commodities regulators.
Progress has been complicated by lawmakers raising concerns over DeFi provisions, potential conflicts of interest, and the treatment of stablecoin incentives. At the same time, the withdrawal of support by a major crypto exchange from a related Senate Banking Committee effort has raised questions about whether either bill has sufficient backing to advance out of committee.
crypto adviser Patrick Witt in a Tuesday X post;
Both the Agriculture Committee and the Banking Committee play critical roles, as they oversee commodities and securities regulation respectively. For a comprehensive framework to reach the Senate floor, both committees would likely need to approve compatible versions of the legislation.
With US midterm elections scheduled for November, some lawmakers warn that campaign season could slow progress. Still, administration officials maintain that a crypto market structure bill is inevitable, framing the debate as a matter of timing rather than political will.
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