According to crypto reporter Eleanor Terret and market expert MartyParty on social media platform X, the Senate Committee on Agriculture is nearing the release of its much-anticipated bipartisan draft related to the commodities aspect of the crypto market structure bill.
Bipartisan Backing And Upcoming Crypto Bill Rollout
Terret mentioned that some insiders suggest the committee might move forward as early as tomorrow, while others believe final adjustments could delay the rollout until next week.
Regardless of the exact timing, this imminent announcement, coupled with the resumption of bipartisan negotiations within the Senate Banking Committee, indicates that progress is being made after a period of inactivity.
MartyParty echoed these sentiments, stating that multiple sources are pointing to a potential release on October 31, 2025. This development is seen as a significant step forward after weeks of silence, aligning with renewed bipartisan discussions following recent industry roundtables.
The Senate Agriculture Committee’s focus on the Commodity Futures Trading Commission (CFTC) is essential for this legislation. If the anticipated bill passes, it could lead to the classification of “digital commodities” and expand CFTC oversight over spot markets and derivatives.
Additionally, it aims to introduce anti-manipulation measures and establish safeguards for decentralized finance (DeFi), stablecoins, and illicit finance, all while fostering innovation in the sector.
Coinbase CEO Highlights Productive Talks
In a recent CNBC interview, Coinbase CEO Brian Armstrong highlighted the productive nature of meetings with both Democratic and Republican lawmakers, expressing optimism about the level of cooperation.
He stated, “We had great meetings with Democrats and Republicans today. There’s strong bipartisan support to get this market legislation done. It’s important for America and for the 15 million Americans involved in crypto.”
Featured image from DALL-E, chart from TradingView.com
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