Senate Postpones Vital Crypto Market Structure Markup Due to Snow

A winter storm in Washington, D.C., has compelled the senators to delay the primary markup vote on complete digital asset market construction laws.

The Senate Agriculture Committee confirmed on Monday that it had postponed its scheduled Tuesday markup of the Digital Commodity Intermediaries Act due to harmful climate situations throughout the capital.

The committee employees cited unsafe journey situations, noting that a lot of Washington is roofed by snow and ice amid dangerously low temperatures attributable to a significant winter storm.

Flights Canceled, Roads Icy as Senate Crypto Markup Slips

The weekend was topped off by an arctic chilly snap and heavy snowfall, with wind chills dropping down to under zero and daytime temperatures struggling to attain the mid-20s Fahrenheit.

The snowy sidewalks and the icy roads, together with the high winds, led to the closure of federal workplaces on Monday, with a snow emergency being declared within the metropolis, which restricted the motion of autos on main routes.

People have been additionally significantly affected in air journey, with hundreds of flights being cancelled throughout the nation and main delays at Reagan National Airport as airways and airports cleared backlogs.

Schools and universities within the space of Washington, Maryland, and Virginia went to closures or distant schooling, and legislators had restricted mobility as crews proceeded with snow elimination.

The climate scramble created a brand new impediment of a protracted legislative process that has already skilled a sequence of postponements.

The Agriculture Committee markup is paid shut consideration to, as it’s the first event that the Senate formally votes on and amends a crypto market construction invoice.

The panel oversees the Commodity Futures Trading Commission, and the laws would develop the company’s authority over digital commodities comparable to Bitcoin.

The invoice is the product of months of negotiations led by Committee Chair John Boozman, with contributions from Senator Cory Booker, although bipartisan settlement has confirmed tough.

Agriculture Committee Emerges as Key Path for Crypto Legislation

The manner forward was unclear even earlier than the climate delay, because the Senate Banking Committee, which has jurisdiction over the Securities and Exchange Commission, has constantly postpone its parallel invoice, the CLARITY Act.

That effort was derailed earlier this month after Coinbase withdrew its support, citing issues over restrictions on tokenized equities, stablecoin rewards, and the stability of energy between regulators.

Banking Committee leaders have since pivoted to housing laws following President Donald Trump’s push to prioritize affordability, pushing crypto legislation into late February or March.

The delay within the Banking Committee has elevated stress on the Agriculture Committee’s invoice, which now represents probably the most instant legislative car for crypto market construction reform.

However, final week, the Senate Agriculture Committee, led by Republicans, released its bill text, nevertheless it seemingly lacked Democratic assist.

The Agriculture Committee’s invoice differs from the Banking Committee’s method on a number of key points, together with stablecoins and token classification.

While the CLARITY Act explicitly restricts interest-like rewards for holding cost stablecoins, the Agriculture Committee’s proposal largely sidesteps yield guidelines by excluding permitted cost stablecoins from CFTC oversight, deferring these questions to different frameworks such because the GENIUS Act.

The invoice additionally explicitly locations meme cash beneath CFTC jurisdiction, a transfer not mirrored within the Banking Committee’s draft.

The laws has drawn rising political consideration as President Trump said final week that he expects to signal a crypto market construction invoice “very quickly,” framing digital property as a strategic precedence for sustaining U.S. competitiveness.

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