The U.S. Senate may advance the consideration of the Digital Asset Market Structure Bill

The U.S. Senate Banking Committee is expected to consider the Digital Asset Market Structure Bill in the second week of January, with the bill's progress delayed due to concerns from Democratic lawmakers about decentralized finance and the longest government shutdown in U.S. history.

Cody Carbone, CEO of the digital asset advocacy organization The Digital Chamber, stated that the Senate will at least hold one review of market structure legislation in the second week of January. The bill passed the U.S. House of Representatives in July and is expected to grant the Commodity Futures Trading Commission (CFTC) more authority to regulate digital assets. Early drafts of the Senate bill indicate that the CFTC and the Securities and Exchange Commission (SEC) will collaborate more on cryptocurrency regulation.