Senate Agriculture Committee Publishes 'GOP-Only' Crypto Clarity Draft
Critics warn of expanded CFTC oversight and custody requirements.
On Wednesday, Senate Agriculture Committee Chair John Boozman (R-AR) unveiled a new crypto market structure bill. The draft legislation is separate the Senate Banking Committee's DAMCA, published last week.
What's the Scoop?
- Expanded Authorities: If enacted, the Senate Agriculture Committee's bill would give the Commodity Futures Trading Commission (CFTC) expansive authority to regulate digital commodities. Already declared less crypto-friendly than last week's Senate Banking draft, detractors fear the proposal would saddle the crypto industry with onerous oversight and custody requirements.
- GOP-Only: Despite cooperation from Democrat Senator Cory Booker, the Senate Agriculture Committee's bill has thus failed to secure bipartisan support. According to a Booker spokesperson, the Senator has been, “working in good faith with Senator Boozman for months to craft market structure legislation that can get broad support in the Senate.”
- Imminent Action: The Senate Agriculture Committee is expected to markup the crypto market structure draft legislation on January 27. Politico reports that a subsequent Committee vote is scheduled sometime next week.
🇺🇸 JUST IN: Senate Agriculture Committee released updated crypto market structure legislation giving CFTC new authority to regulate digital commodities.
— Cointelegraph (@Cointelegraph) January 22, 2026
Business meeting scheduled for January 27 at 3pm for markup. pic.twitter.com/YWQExDIkGa
Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
