If passed, the bill would give the U.S. Commodity Futures Trading Commission the authority to oversee spot crypto markets and create rules for digital commodity exchanges, brokers and dealers. The Senate Banking Committee’s companion bill has proven to be more contentious, with banks and crypto firms engaged in a bitter lobbying fight over whether crypto companies should be allowed to pay interest on dollar-pegged crypto tokens known as stablecoins. The crypto industry has said a crypto market structure bill is crucial to the future of the industry in the U.S. and provides legal certainty for companies to operate. None of the Democrats on the Senate Agriculture Committee voted to advance the bill on Thursday. The White House on Monday will meet with executives from the banking and cryptocurrency industries to discuss a path forward for the crypto legislation in the Senate Banking Committee, which has yet to vote to advance the bill.