US senators to weigh CFTC, other amendments to crypto market structure bill
The US financial regulator has just one Senate-confirmed commissioner, leading to lawmakers’ concerns about the Commodity Futures Trading Commission’s balance and effectiveness.
US lawmakers are expected to return to Capitol Hill on Wednesday after inclement weather delayed committee meetings and votes, with attention turning to how senators will handle proposed amendments to a long-awaited crypto market structure bill.
On Thursday, senators on the Senate Agriculture Committee are scheduled to meet for a markup on the Digital Commodity Intermediaries Act (DCIA), a bill to establish a digital asset market structure framework.
The markup is one of the first attempts by the chamber to advance market structure legislation amid the Senate Banking Committee postponing its markup after Coinbase pulled its support for the bill.
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