Senate Agriculture Committee Delays Crypto Bill Hearing to January 27

TLDR

• The Senate Agriculture Committee postpones its crypto bill hearing to January 27.
• The bill will be published on January 21, allowing time for review before the hearing.
• Senator Boozman emphasized the importance of transparency and thorough review for the crypto bill.
• The Senate Banking Committee will hold a separate markup hearing for its crypto bill on January 19.
• The Agriculture Committee is addressing issues like ethics provisions and quorum rules for crypto regulators.

The Senate Agriculture Committee has postponed its crypto market structure bill hearing to January 27. Originally scheduled for January 15, the hearing will now take place 12 days later. The committee will publish the bill on January 21, providing time for review before the discussion.

New Schedule for Agriculture Committee’s Crypto Bill

According to a report by CoinDesk, the Agriculture Committee announced the new date on Tuesday. Lawmakers will discuss amendments to the bill and vote on whether to add them. Senator John Boozman, the committee chairman, emphasized the importance of transparency and thorough review.

“This revised schedule ensures transparency and allows for thorough review as the committee moves forward with legislation,” Boozman said. The hearing is a crucial step toward advancing the bill to the full Senate.

The bill will provide a clear framework for crypto markets. It aims to regulate the industry while ensuring consumer protection and supporting innovation. The committee is working to finalize the draft text before the hearing takes place.

Senate Banking Committee Holds Separate Hearing

The Senate Banking Committee will hold its markup hearing on Thursday for its version of the crypto bill. A draft of this version was released on Monday night. Lawmakers on the Banking Committee are expected to propose amendments during the hearing. This process is similar to the one scheduled for the Agriculture Committee.

Senator Cory Booker is working alongside Senator Boozman on the proposed legislation. The committee continues to focus on protecting consumers while promoting innovation. Both lawmakers have expressed dedication to creating rules that balance security and growth within the crypto market.

The Agriculture Committee’s delayed hearing follows ongoing work to address complex issues in the draft text. These issues include ethics provisions concerning former President Donald Trump’s connections to crypto businesses. The committee is also reviewing quorum rules for agencies like the Securities and Exchange Commission and the Commodity Futures Trading Commission.

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