Snowstorm delays Senate Agriculture Committee’s crypto bill markup to later in the week
A Senate Agriculture Committee markup for a sweeping crypto bill was postponed due to a snowstorm in Washington, D.C.Summary
The Senate Agriculture Committee postponed its scheduled Tuesday afternoon markup session for a broad cryptocurrency regulation bill until Thursday at 10:30 a.m. due to snowy weather in Washington, D.C. This hearing is significant as it marks the first time the Senate will move to amend and vote on crypto legislation, following delays in a parallel effort by the Senate Banking Committee. The Agriculture Committee's bill focuses on expanding the authority of the Commodity Futures Trading Commission (CFTC). Last week, the Republican-led committee released the bill text, which appeared to lack Democratic support, possibly due to political disagreements. Amendments have since been filed, including one addressing Democratic concerns regarding former President Trump's alleged crypto interests. Meanwhile, the Senate Banking Committee has not rescheduled its hearing, which was previously delayed after Coinbase withdrew support over unresolved issues concerning tokenized equities, DeFi, and stablecoin rewards.
(Source：The Block)