According to @EleanorTerrett, the Senate Agriculture Committee spent months building a bipartisan crypto market structure discussion draft, but negotiations have hit turbulence late in the process. @EleanorTerrett added that the House Agriculture Committee passed its portion of the CLARITY framework with a 47-6 bipartisan vote last summer. Reporter Jasper Goodman reported that Chair John Boozman is finalizing a new market structure draft planned for a Jan. 15 markup, but the current draft does not have Democratic buy-in. For traders, the immediate policy milestone to monitor is the Jan. 15 markup timeline reported by Goodman.

According to @EleanorTerrett, HouseAgGOP Chair GT Thompson spoke Thursday with Acting CFTC Chair Caroline D. Pham on how the commodities regulator is preparing for expanded crypto jurisdiction and rulemakings next year, anticipating passage of market structure legislation, source: @EleanorTerrett on X, Oct 31, 2025. The discussion follows Pham’s meeting last week with Senate Agriculture Chair John Boozman on similar matters, source: @EleanorTerrett on X, Oct 31, 2025. A key outstanding question is how much appropriations the agency will require for the additional oversight, source: @EleanorTerrett on X, Oct 31, 2025. Further details are expected Monday in the CryptoAmerica newsletter, source: @EleanorTerrett on X, Oct 31, 2025.

According to @iampaulgrewal, the recent House Agriculture Committee hearing, highlighted by remarks from @AngieCraigMN, confirmed that establishing clear market structure legislation is essential for protecting American consumers and businesses involved in digital assets. The committee's consensus supports more transparent and consistent regulatory frameworks, which could reduce uncertainty and spur institutional participation in the U.S. crypto market (source: @iampaulgrewal, June 5, 2025). For traders, this signals potential upcoming regulatory clarity that may drive higher trading volumes and more stable market conditions in the near term.