US crypto market structure bill advances as Senate Agriculture Committee approves legislation

The US Senate Agriculture Committee has approved the Digital Commodities Intermediary Act, advancing it for full Senate consideration. This legislation aims to establish a clearer regulatory framework for digital asset intermediaries, focusing on spot market oversight. The approval follows a markup session that included various amendments addressing ethics, national security, and consumer protection. While this marks a significant procedural milestone, further negotiations and amendments are expected before the bill can be enacted.