Odaily Planet Daily reports that the U.S. Senate Banking Committee is expected to consider the Digital Asset Market Structure Act in the second week of January. The progress of the bill has been delayed due to Democratic senators’ concerns about decentralized finance and the longest government shutdown in U.S. history. Cody Carbone, CEO of the digital asset advocacy organization The Digital Chamber, stated that the Senate will hold at least one review of market structure legislation in the second week of January. The bill was passed by the U.S. House of Representatives in July and is expected to grant the Commodity Futures Trading Commission (CFTC) more authority to regulate digital assets. Early Senate draft bills indicate that the CFTC and the Securities and Exchange Commission (SEC) will collaborate more on cryptocurrency regulation.
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