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Snowstorm delays Senate Agriculture Committee’s crypto bill markup to later in the week

Regulation & Legal

The Senate Agriculture Committee announced Tuesday morning that its critical markup session for proposed cryptocurrency regulation legislation has been postponed due to the severe winter weather affecting the Washington D.C. area. The session, originally scheduled for Tuesday, is now expected to take place later in the week, pending an improvement in weather conditions and travel accessibility.

The markup is a necessary procedural step where committee members debate and vote on amendments before advancing the bill to the full Senate floor. The legislation, a bipartisan effort led by Committee Chairwoman Debbie Stabenow (D-MI) and Ranking Member John Boozman (R-AR), aims to establish a comprehensive federal framework for regulating digital commodities, granting significant new oversight powers to the Commodity Futures Trading Commission (CFTC).

Staff cited travel disruptions and safety concerns as the primary reasons for the delay, noting that many senators and key personnel were unable to safely reach the Capitol complex. Congressional operations often slow or cease entirely during major snow events in the region.

While a specific new date has not been formally scheduled, sources close to the committee suggest that the leadership is aiming for Wednesday or Thursday, assuming the forecast holds and the government reopens fully. Despite the minor logistical hurdle, the delay is not expected to derail the long-term legislative efforts to stabilize the volatile digital assets market.

Source: Snowstorm delays Senate Agriculture Committee’s crypto bill markup to later in the week

Disclaimer: This content is generated via ZODIAC AI engine for informational purposes. While we strive for accuracy, we do not guarantee the completeness of the information. This is not financial advice. Decisions should be made based on your own judgment.

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