Senate Committees Vote on Digital Asset Regulation Bill: Impact Expected on Bitcoin, Ethereum and DeFi

A bipartisan bill aiming to regulate the crypto market is set for a vote in the U.S. Senate next month. This initiative seeks to clarify digital asset regulations and increase oversight from both the SEC and the CFTC. The Senate Banking and Agriculture Committees are spearheading this effort, with Tim Scott (Senate Banking Committee Chair) and John Boozman (Senate Agriculture Committee Chair) leading the charge.