TLDR
- The US Senate Agriculture Committee has completed work on an updated crypto market structure bill.
- The committee plans to release the new version within a few days, perhaps this week or early next week.
- The Crypto Market Structure Bill establishes a dual regulatory framework, with the CFTC overseeing digital products and the SEC managing securities.
- The legislation introduces three categories of assets, including digital products, investment contract assets and authorized payment stablecoins.
- The September draft removed automatic securities classification for staking, DePIN and airdrops.
The US Senate Agriculture Committee has completed work on an updated crypto market structure bill. The committee is expected to release the new version within a few days, according to industry sources. This bipartisan legislation aims to establish clear regulatory guidelines for digital assets in the United States.
Committee finalizes crypto market structure bill
Journalist Eleanor Terrett reports that the committee could release the updated crypto market structure bill this week. However, some insiders suggest the latest tweaks could push release to next week. The Senate Agriculture Committee finalized the section on commodities.
🚨SCOOPLET: @SenateAg is set to release its long-awaited bipartisan draft that addresses the commodities side of the crypto market structure bill, according to multiple sources, but the exact timeline differs depending on who you talk to.
Some say the committee could move over time…
– Eleanor Terrett (@EleanorTerrett) October 30, 2025
The Crypto Market Structure Bill follows recent industry roundtables held last week. Bipartisan negotiations among Senate Banking Committee staff members resumed following these meetings. The two committees are working together to advance the bill.
Lawmakers have been fine-tuning the crypto market structure bill for several months now. The bill has undergone several revisions to address industry concerns and regulatory gaps. This latest version includes updated language on various digital asset categories.
Regulatory framework and asset classification
The Crypto Market Structure Bill creates a dual regulatory system for digital assets. The Commodity Futures Trading Commission will oversee digital commodities and spot markets. The Securities and Exchange Commission will retain authority over assets classified as securities.
The legislation introduces three distinct categories of digital assets into the new framework. These categories include digital products, investment contract assets, and permissioned payment stablecoins. This classification system determines which federal agency has jurisdiction over each type of asset.
The Crypto Market Structure Bill provides clear compliance expectations for market participants. The September draft removed automatic securities classification for staking, DePIN and airdrops. These changes address the cryptocurrency industry’s long-standing concerns about regulatory overreach.
Bipartisan progress after political tensions
The crypto market structure bill has gained new momentum after months of partisan disagreement. Senate Democrats previously introduced the CLARITY Act, which proposed new regulations for DeFi. This proposal temporarily halted progress on broader market structure legislation.
The CLARITY Act would have classified DeFi protocol deployers as intermediaries. Republican lawmakers and promoters strongly opposed this categorization. Critics have argued that the proposal could criminalize open source software development and innovation.
Recent roundtable discussions have helped bridge the partisan divide on crypto regulation. Executives from Coinbase and Ripple participated in these discussions with lawmakers. Sources say both parties are now “committed to moving faster” on the legislation.
Industry leaders express optimism
Coinbase CEO Brian Armstrong spoke on Capitol Hill about the timeline for the crypto market structure bill. Armstrong said lawmakers from both parties are “90% aligned” on the main framework of the bill. He expressed optimism that the bill could be finalized by the end of the year.
The Crypto Market Structure Bill represents months of collaboration between industry and government. The legislation strikes a balance between support for innovation and consumer protection measures. The latest passage would provide the regulatory clarity that the digital assets industry has long sought.
