This morning, the Senate Agriculture Committee completed its markup of digital asset market structure legislation, marking a meaningful step toward a comprehensive U.S. framework for digital commodities. CCI was present throughout the markup and discussions, engaging directly with members and staff as the Committee debated the Digital Commodities Intermediaries Act and the path forward for U.S. leadership in digital assets.
CCI thanks Chairman John Boozman, Senate Agriculture Committee Republicans, and Committee staff for their steadfast leadership and tireless work in support of a comprehensive market structure framework for digital commodities.
The legislation would provide the CFTC with spot market authority for digital commodities, establish clear and workable rules for intermediaries, and deliver robust consumer protections. These include listing standards, disclosure requirements, safeguards for customer property, and protections for non custodial software providers and developers. Together, these provisions reflect sustained engagement on how to protect consumers while enabling responsible innovation in U.S. markets.
While the Committee’s final vote fell along party lines, the sentiment in the room was notably constructive. Members from both parties emphasized the importance of reaching a bipartisan outcome and acknowledged progress in narrowing differences on key issues, including ethics, AML requirements, and national security considerations.
CCI looks forward to Senator Cory Booker’s and Senate Agriculture Committee Democrats’ continued commitment toward these goals. We will remain actively engaged as the process moves forward, including as work continues on the Senate Banking Committee’s portion of market structure legislation.
Momentum remains strong, and CCI will continue engaging with Congress and stakeholders to help ensure the final framework strengthens consumer protection, market integrity, and U.S. leadership in digital assets.
