According to the source, the US Senate Committee on Agriculture, Nutrition, and Forestry released a draft bill on crypto market structure on Nov 10, 2025. Source: the source. The committee has jurisdiction over the Commodity Futures Trading Commission, which regulates U.S. derivatives markets including crypto futures, making this draft directly relevant to market structure oversight and exchange compliance. Source: U.S. Senate Committee on Agriculture, Nutrition, and Forestry; Commodity Futures Trading Commission.