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Every time Donald Trump comes in front of the camera, markets brace themselves.
Yesterday, on Jan. 21, when the President of the United States addressed world leaders in Davos, people wanted to know what new he would say on two pressing matters: Greenland and crypto.
While Trump's Greenland remarks spooked investors and traders globally, his stance on crypto was a bit more reassuring for my portfolio, despite the bleeding.
Sure enough, a few hours later, the Senate Committee on Agriculture, Nutrition, and Forestry announced that the crypto market bill is regaining momentum.
John Boozman, chair of the Senate Committee on Agriculture, Nutrition, and Forestry, informed that the long-awaited Senate crypto market bill is finally heading toward markup.
This comes even as bipartisan support shows signs of strain and lawmakers juggle competing legislative priorities.
Senate crypto bill moves forward — but unity frays
On Jan. 21, Boozman released updated legislative text aimed at regulating digital commodity intermediaries.
The proposal now has a new name: the Digital Commodity Intermediaries Act.
It builds on earlier bipartisan crypto market structure discussion drafts circulated in the Senate.
However, it no longer carries clear bipartisan backing after negotiations stalled in recent weeks.
Crypto-specific bills seem to have dropped in priority in the Senate as Trump’s housing affordability agenda becomes the centre of attention.
Despite delays, Boozman signaled readiness to move forward. A committee markup is now scheduled for Jan. 27 at 3 p.m. EST in the Russell Senate Office Building.
What this bill actually does — and what it doesn’t
While often grouped under the broad label of “crypto market structure,” this Senate measure operates on a narrower regulatory layer.
The Agriculture Committee’s bill focuses on digital commodity intermediaries and would grant the Commodity Futures Trading Commission (CFTC) expanded authority to oversee crypto trading platforms and related services.
It sets registration, compliance, and conduct standards, but falls short of resolving broader asset classification debates.
That contrasts with the House-backed CLARITY Act, which tackles market-wide questions around whether crypto assets fall under the Securities and Exchange Commission (SEC) or the CFTC.
In short, the Senate bill addresses how intermediaries operate, while the House bill focuses on who regulates what.
These parallel efforts remind us once again how fragmented crypto regulation is, even as lawmakers and industry leaders agree that clarity is urgently needed.
Whether the Senate can translate momentum into durable law may hinge on what happens after markup.
“Chairman Boozman and the Senate Agriculture Committee continue to play a critical role in advancing thoughtful and clear digital asset policy,” said Ji Hun Kim, CEO of Crypto Council for Innovation.
But as ARK's Cathie Wood said recently, Trump is not going to be a "lame duck" in the last years of his presidency when it comes to crypto. There is far more at stake than just a handful of bills.
This article has been published in thestreet.com via Yahoo News.
Crypto market bill nears Senate markup after Trump's nod
Every time Donald Trump comes in front of the camera, markets brace themselves. Yesterday, on Jan. 21, when the President of the United States addressed world leaders in Davos, people wanted to know what new he would say on two pressing matters: Greenland and crypto. While Trump's Greenland...
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