Overview
- The Senate Agriculture Committee moved its markup on the crypto market-structure bill to Thursday at 10:30 a.m. ET, citing winter weather disruptions.
- The SEC and CFTC rescheduled a planned joint appearance to Thursday at 2:00 p.m. ET.
- Committee Chair John Boozman and Senator Cory Booker remain divided on key provisions, and Democrats have circulated amendments highlighting policy differences.
- The legislation seeks to clarify how digital assets are classified and to delineate oversight between the SEC and CFTC.
- Benchmark’s Mark Palmer wrote that markets are pricing timing risk, with delays likely to sustain a regulatory risk premium that favors bitcoin and infrastructure while constraining exchanges, DeFi and stablecoin monetization.