As reported by Coindesk, the Senate Agriculture Committee published a draft of its crypto market structure legislation on Monday, outlining the CFTC's role in overseeing spot market trading. The bill, led by Chairman John Boozeman and Senator Cory Booker, defines terms like 'blockchain' and calls for joint rulemaking between the CFTC and SEC. The draft includes unresolved sections in brackets, reflecting ongoing disagreements among lawmakers. The bill also addresses DeFi, with some sections left open for further discussion. The Senate Banking Committee, which oversees the SEC, has also drafted its own version. Progress has been delayed by the government shutdown and internal disagreements, with a potential Senate floor vote possibly not occurring until early 2026.
Senate Committee Drafts Crypto Bill to Define CFTC Role in Overseeing Markets
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