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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 bi-partisan 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
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