US Senate Democrats have introduced a new round of ethics-focused amendments to the proposed crypto market structure bill, intensifying efforts to limit potential conflicts of interest as Congress moves closer to defining federal oversight of digital assets.
Ahead of the upcoming Senate Agriculture Committee markup, Democratic lawmakers filed amendments designed to prevent US government officials from financially benefiting from cryptocurrency activities. A key proposal seeks to incorporate the Digital Asset Ethics Act into the broader legislation, which would restrict elected officials and senior government figures from profiting directly from the crypto sector.
These measures come amid growing scrutiny over alleged conflicts of interest involving senior political figures and crypto-related ventures. Lawmakers argue that clearer ethical boundaries are necessary to maintain public trust as digital assets become more integrated into the financial system.
Another amendment proposes delaying the bill’s implementation until the Commodity Futures Trading Commission is fully staffed. Currently, the agency is operating with only its chair in place, raising concerns about its capacity to handle expanded responsibilities under the new framework.
Democratic senators also attached provisions related to the Credit Card Competition Act, aiming to curb exclusivity requirements imposed by major card networks and issuing banks.While the markup is scheduled soon, logistical challenges and unresolved policy disagreements could once again delay proceedings, leaving the future timing of the legislation uncertain.
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