Senate Committees Release New Crypto Regulation Drafts
- The US Senate releases new drafts for crypto regulation.
- Bills impact BTC and ETH as commodities.
- Updated oversight structures proposed for CFTC and SEC.
The U.S. Senate Agriculture Committee, led by Chair John Boozman, released a GOP-only draft of the Digital Commodity Intermediaries Act on January 21, 2026, ahead of a scheduled markup.
The draft expands CFTC’s jurisdiction over BTC and ETH, potentially reshaping crypto regulatory landscape and affecting market dynamics and asset classifications.
The US Senate committees have unveiled new crypto regulation drafts. The Agriculture Committee’s “Digital Commodity Intermediaries Act” and the Banking Committee’s “Digital Asset Market Clarity Act” emphasize increased oversight.
Key figures include John Boozman and Tim Scott, spearheading regulatory changes. The bills address asset classifications, DeFi regulations, and CFTC authority expansion.
The regulations could significantly affect BTC, ETH, and other digital assets, potentially reshaping market dynamics. Stakeholder reactions highlight both opportunities and concerns about centralized oversight.
These actions may influence financial market structures and consumer protection. Legislative clarity seeks to balance innovation with regulatory compliance, impacting both crypto firms and investors globally. Tim Scott, Chair of the Senate Banking Committee, stated, “The amendment puts forward crucial protections for DeFi and stablecoins in our ongoing efforts to clarify the digital asset market.”
The Banking Committee postpones its markup to incorporate feedback. The impact on investment and compliance costs remains under observation, as the crypto ecosystem adjusts to potential new frameworks.
Potential outcomes could emerge as regulatory measures enforce clarity across digital asset markets. Previous trends in financial compliance suggest shifts in technological and operational strategies for compliance among crypto firms.
