According to @BullTheoryio, the US Senate Agriculture Committee has released a crypto market structure draft bill that formally defines digital commodities and gives the CFTC primary authority over their trading, clarifying jurisdiction previously disputed with the SEC (source: @BullTheoryio). According to @BullTheoryio, the draft implies BTC, ETH, and major altcoins will gain regulatory clarity in US spot and derivatives markets (source: @BullTheoryio). According to @BullTheoryio, developers and blockchain infrastructure providers would be protected from being treated as money transmitters or brokers, reducing legal risk for node operators and smart contract deployers (source: @BullTheoryio). According to @BullTheoryio, a Digital Commodity Retail Office would be created inside the CFTC to support market transparency and investor protection, improving oversight of exchanges and retail-facing platforms (source: @BullTheoryio). According to @BullTheoryio, the bill mandates cooperation with foreign regulators to align global standards, a factor institutions have been waiting for to scale compliant participation (source: @BullTheoryio). According to @BullTheoryio, if enacted, the CFTC would become crypto’s primary regulator for spot markets, exchanges, and derivatives, a development the source characterizes as a green light for institutional capital and potential altcoin ETF products (source: @BullTheoryio).

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.