US EditionSenate Agriculture panel delays market structure hearing to Thursday after winter storm
The Senate Agriculture Committee delayed the crypto bill markup due to a major winter storm disrupting travel and schedules, rescheduling to Thursday morning.
- On Monday, the Senate Agriculture Committee postponed its planned Tuesday markup of the Digital Commodity Intermediaries Act by two days, rescheduling the hearing for Thursday at 10:30 a.m. ET.
- A once-in-a-decade winter storm struck the East Coast, forcing federal offices in Washington, D.C. to close and committee staff to cite unsafe travel amid air travel disruptions at Reagan National Airport.
- Committee negotiators have clashed as John Boozman, Committee Chair, and Cory Booker, Senator, differ over text and Democrats unveiled multiple amendments last week for the Agriculture Committee markup.
- Regulators also shifted plans after the SEC and CFTC postponed a planned joint press appearance from Tuesday to Thursday at 2:00 p.m. ET, adding new obstacles to the legislative procedure.
- With a Friday funding deadline looming, the Senate Banking Committee's earlier postponement increases pressure on the Agriculture track as President Donald Trump expects to sign a crypto bill "very soon.
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US market structure delayed, government token stack compromised
Winter storms delay Senate markup of the Commodity Intermediaries Act as partisan divisions and insider concerns cloud U.S. digital asset legislation. The post US market structure delayed, government token stack compromised appeared first on CoinGeek.
Winter Storm Delays Senate Crypto Market Structure Vote
The factors like snowy sidewalks, icy roads and the high winds resulted in the closure of federal offices yesterday. Schools and universities were also either shut or went for remote education, and legislators also banned mobility as crews moved forward with snow removal. Due to a heavy winter storm in Washington D.C., the senators have postponed the first markup vote on inclusive digital asset market structure legislation. The Senate Agricultur…
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