U.S. Senate to Vote on Major Crypto Market Structure Bill
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 2h ago- Bill Markup Progress: The U.S. Senate Agriculture Committee is set to vote on the crypto market structure bill tomorrow at 10:30 AM ET, with bipartisan support expected to advance the legislation, potentially reducing price manipulation and wash trading in crypto by nearly 70%.
- Amendment Proposals: Senator Michael Bennet of Colorado introduced an amendment to limit crypto ownership and related activities for government officials and their immediate families, although it remains unclear if this proposal will be included in the bill.
- Consumer Protection Measures: Senator Amy Klobuchar of Minnesota filed an amendment to delay the bill's implementation until the Commodity Futures Trading Commission (CFTC) has four confirmed commissioners, ensuring effective regulatory oversight.
- External Risk Management: Senators Tommy Tuberville of Alabama and Jerry Moran of Kansas proposed amendments aimed at limiting foreign adversaries' involvement in U.S. crypto markets, enhancing national security and market stability.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
