The Senate Agriculture Committee made a splash on Monday night, releasing a draft of crypto market structure legislation with bipartisan backing. That’s no small feat, and one the Senate Banking Committee has been unable to accomplish so far this year.
There’s a caveat, though. The discussion draft, led by Chair John Boozman (R-Ark.) and Sen. Cory Booker (D-N.J.), is very much a work in progress. Large chunks of the legislation’s key components are marked as “unresolved,” meaning they have not been fully agreed to between the two parties.
But crypto advocates and allies are thrilled about having bipartisan text in hand. “I hope it spurs us on,” Banking Committee Republican Sen. Cynthia Lummis (Wyo.) told reporters Monday night.
