U.S. Senate May Advance Digital Asset Market Structure Bill for Review in January

Odaily News The U.S. Senate Banking Committee is expected to consider the Digital Asset Market Structure Bill in the second week of January. The advancement of this bill has been delayed due to Democratic lawmakers' concerns about decentralized finance and the longest government shutdown in U.S. history.

Cody Carbone, CEO of the digital asset advocacy group The Digital Chamber, stated that the Senate will hold at least one review session on market structure legislation in the second week of January. The bill passed the U.S. House of Representatives in July and is expected to grant the Commodity Futures Trading Commission (CFTC) greater authority to regulate digital assets. An early draft of the Senate bill indicates that the CFTC and the Securities and Exchange Commission (SEC) will collaborate more closely on cryptocurrency regulation.