The US Senate Agriculture Committee has postponed its planned markup of a major crypto market structure bill until the final week of January, signaling that negotiations are still underway as lawmakers work to secure sufficient bipartisan support.
Committee Chairman John Boozman said the decision reflects ongoing discussions aimed at finalizing unresolved details. He emphasized that building broad, bipartisan agreement remains the priority before formally advancing the legislation. The markup was originally scheduled for mid-January but was pushed back to allow more time for consensus-building.
The proposed legislation is closely watched by the digital asset industry because it would clarify how US regulators divide oversight of the crypto market. In particular, it would outline the respective roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission, a long-standing point of uncertainty for crypto firms and investors.
Several policy changes are being debated ahead of markup. Some lawmakers are advocating for stricter ethics and conflict-of-interest rules, including limits on public officials benefiting from crypto-related activities. Others are pushing to ban stablecoin yield products offered through exchanges or third-party platforms.
At the same time, industry groups are urging lawmakers to ensure that software developers and non-custodial platforms are not treated as financial intermediaries under the bill.While momentum remains, analysts warn that political timelines and upcoming elections could complicate passage, potentially delaying final approval for several years.
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