Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Monday Nov 10 2025 23:00
2 min
The US Senate Agriculture Committee has published its long-awaited discussion draft of legislation concerning crypto market structure. This development signifies a substantial step forward for Congress in its efforts to establish a clear regulatory framework for the burgeoning cryptocurrency sector. Republican Agriculture Committee Chair John Boozman and Democrat Senator Cory Booker jointly released the draft on Monday. Notably, the document includes bracketed sections, indicating areas where lawmakers are still actively engaged in negotiations.
A central objective of the bill is to delineate the regulatory authority of both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) concerning digital assets. While Congress retains the ultimate authority to define these agencies' regulatory boundaries, both the CFTC and SEC have provided guidance to companies operating in the crypto space, particularly during the previous administration's push for deregulation.
Boozman stated, "The CFTC is the appropriate agency to regulate spot digital commodity trading, and it is essential to establish clear rules for the emerging crypto market while also protecting consumers." His sentiment underscores the perceived need for a specialized regulatory body to oversee the intricacies of digital commodity markets.
Booker added that the discussion draft "would provide the CFTC with new authority to regulate the digital commodity spot market, create new protections for retail customers, and ensure the agency has the personnel and resources necessary to oversee this growing market." This highlights the intention to bolster consumer protection and provide adequate resources for regulatory oversight.
In July, the House of Representatives passed a similar bill, known as the CLARITY Act, and sent it to the Senate. This bill also prioritizes the CFTC's role in regulating the crypto market, suggesting a bipartisan consensus on the need for CFTC involvement.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Thursday, 13 August 2026
5 min
Wednesday, 12 August 2026
7 min
Wednesday, 12 August 2026
7 min
Thursday, 13 August 2026
Indices
Gold Price Today, August 14: XAU/USD Falls Below $4,350 as Profit-Taking Deepens
Thursday, 13 August 2026
Indices
SanDisk Stock Jumps Nearly 14% on Bullish 2030 Targets, Lam Research Gains Over 3%
Thursday, 13 August 2026
Indices
KOSPI Rises 2.7% Towards 7,000 as SK Hynix Gains 6% and Kioxia Jumps 7%
Wednesday, 12 August 2026
Indices
Gold Price Today, August 13: Gold Climbs Above $4,400 as Cooler US CPI Cuts Fed Hike Bets
EN
