U.S. Senate Approves Bipartisan Crypto Market Structure Bill

The U.S. Senate Agriculture Committee is poised to release a draft bill addressing the structure of cryptocurrency markets, signaling a significant step towards clarity and regulation in the sector. The bipartisan effort comes after months of industry dialogue and negotiations. Key features include formalizing the Commodity Futures Trading Commission’s (CFTC) oversight role for digital commodities, with experts anticipating it will increase regulatory certainty. This move could boost confidence in crypto markets, particularly for established assets like Bitcoin and Ethereum which have been subject to increased scrutiny and market volatility.