Crypto Market Structure Bill: Senate Sources Indicate Draft Release As Soon As Tomorrow

According to crypto reporter Eleanor Terret and market expert MartyParty on social media platform X, the Senate Committee on Agriculture is nearing the release of its much-anticipated bipartisan draft related to the commodities aspect of the crypto market structure ￰0￱ Backing And Upcoming Crypto Bill Rollout Terret mentioned that some insiders suggest the committee might move forward as early as tomorrow, while others believe final adjustments could delay the rollout until next ￰1￱ of the exact timing, this imminent announcement, coupled with the resumption of bipartisan negotiations within the Senate Banking Committee, indicates that progress is being made after a period of ￰2￱ echoed these sentiments, stating that multiple sources are pointing to a potential release on October 31, ￰3￱ development is seen as a significant step forward after weeks of silence, aligning with renewed bipartisan discussions following recent industry ￰4￱ Senate Agriculture Committee’s focus on the Commodity Futures Trading Commission (CFTC) is essential for this ￰5￱ the anticipated bill passes, it could lead to the classification of “digital commodities” and expand CFTC oversight over spot markets and derivatives.

Additionally, it aims to introduce anti-manipulation measures and establish safeguards for decentralized finance (DeFi), stablecoins, and illicit finance, all while fostering innovation in the ￰6￱ CEO Highlights Productive Talks In a recent CNBC interview , Coinbase CEO Brian Armstrong highlighted the productive nature of meetings with both Democratic and Republican lawmakers, expressing optimism about the level of ￰7￱ stated, “We had great meetings with Democrats and Republicans today. There’s strong bipartisan support to get this market legislation done. It’s important for America and for the 15 million Americans involved in crypto.” Featured image from DALL-E, chart from ￰8￱