The US Senate Agriculture Committee shared a draft crypto legislation late Monday outlining a potential regulatory framework for digital assets in the country, according to an official summary. The document is expected to be reviewed in committee in the coming days before moving to a formal vote.
The proposal seeks to define “digital commodities” and assign oversight of Bitcoin and Ethereum to the CFTC, a shift the industry has long requested for clearer rules. If advanced, the bill could reduce overlapping enforcement between agencies and offer developers and businesses a more predictable operating environment. Industry groups argue that clarity could encourage innovation and keep crypto development in the US rather than moving offshore.
A revised version of the draft is expected later this month, with potential amendments before a Senate-wide discussion. Market participants are watching for timeline updates and any early bipartisan support signals.
Source:https://www.agriculture.senate.gov/imo/media/doc/bipartisan_market_structure_discussion_draft.pdf
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
