Senate Ag Committee to Release Crypto Bill Text Ahead of Jan. 27 Markup
The Senate Agriculture Committee is releasing the text of its cryptocurrency bill today, with a committee markup scheduled for Jan. 27. The proposal outlines a framework that divides regulatory authority for digital assets between the Commodity Futures Trading Commission and the Securities and Exchange Commission—an arrangement that differs notably from the crypto framework advanced by the Senate Banking Committee. The split-overseer model matters because jurisdictional boundaries will shape enforcement, custody rules, and how tokens are classified marketwide. The Agriculture Committee’s language will now be parsed by lawmakers, industry groups and exchanges ahead of the markup; if adopted, it could influence final negotiations in Congress and the regulatory landscape firms must navigate. Expect renewed debate over which agency should take the lead and how to reconcile competing approaches before any bill reaches the Senate floor.