The Senate Agriculture Committee has released a draft bill aimed at defining the roles of the CFTC and SEC in overseeing the crypto market. This draft will need to be merged with a similar proposal from the Senate Banking Committee, a process that could take months amid ongoing government budget disputes.

The Senate Agriculture Committee is set to debate a major cryptocurrency market structure bill, which includes an amendment aimed at preventing conflicts of interest for politicians, specifically regarding President Trump's crypto dealings. Other amendments address issues like fake transactions at kiosks and delaying the bill's effectiveness until more Commodity Futures Trading Commission commissioners are appointed.