Senate AG Delays Crypto Bill Markup to Late January
The Senate Agriculture Committee postponed the markup of a crypto bill to the end of January to secure broader bipartisan support.Summary
The US Senate Agriculture Committee has delayed the markup of its crypto market structure bill until the end of January, citing the need for more time to build bipartisan support. Chairman John Boozman stated that progress has been made in constructive discussions, but additional time is required to finalize details and ensure broad support for the legislation. The bill aims to define the regulatory roles of the SEC and CFTC in overseeing the crypto market. Discussions include potential bans on stablecoin yield payments, ethics provisions to prevent conflicts of interest for public officials, and debates over classifying software developers and non-custodial platforms as intermediaries. While the House passed the CLARITY Act in July, this Senate bill is separate due to procedural rules. Some analysts suggest the bill's passage may be delayed until 2027, with full implementation by 2029.
(Source：Cointelegraph)