According to @EleanorTerrett, Senator John Boozman said the Senate Agriculture Committee is committed to holding a markup for its market structure bill in early December, indicating a near-term procedural milestone for U.S. digital asset regulation, source: Eleanor Terrett on X, Nov 12, 2025. The Senate Agriculture Committee oversees the CFTC, making this markup particularly relevant for proposals that could expand CFTC authority over digital commodity spot markets, source: U.S. Senate Committee on Agriculture, Nutrition, and Forestry official site and Office of Senator John Boozman press release on the Digital Commodities Consumer Protection Act (2022). A committee markup is the formal session to debate and amend bill text before a vote, which traders track for timing signals on regulatory clarity, source: Congressional Research Service report on Senate committee markups. For positioning, monitor the committee calendar for the final date and any released text or amendments, and note that crypto-exposed equities and exchanges highlight regulatory change as a material business risk, source: U.S. Senate Agriculture Committee calendar and Coinbase Global, Inc. Form 10-K risk factors.