The U.S. Senate Agriculture Committee is set to release the text of its latest cryptocurrency market structure bill today, ahead of a committee review meeting scheduled for next Tuesday. This release follows two weeks of negotiations and aims to address key issues such as the inclusion of memes in the definition of "digital goods," token classification, and regulatory funding from the Commodity Futures Trading Commission. A bipartisan agreement could influence similar legislation by the Senate Banking Committee, which has yet to reschedule its postponed deliberations. The Banking Committee's progress was stalled due to Coinbase's withdrawal of support, highlighting the need for consensus on stablecoin yield terms with the banking industry. The White House Cryptocurrency Council's executive director warned that delaying legislation might lead to stricter regulations from future administrations less favorable to cryptocurrencies.
U.S. Senate Agriculture Committee to Release Crypto Market Structure Bill
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