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Live blog: Senate Agriculture Committee advances crypto market structure bill
['Nikhilesh De', 'Jesse Hamilton', 'Nikhilesh-De']
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The U.S. Senate's Agriculture Committee is holding its first markup hearing on crypto market structure legislation, giving lawmakers a chance to debate and vote on amendments and possibly advance the actual legislation.
All eyes are now back on the Senate Banking Committee, which postponed its own markup hearing earlier this month and has yet to set a new date.
ET): Unmentioned so far in Thursday's hearing: The crypto markets themselves, which were down heavily between 4% and 7% over the past 24 hours of trading.
ET): We moved from Democrat amendments to a Republican one that's meant to block foreign adversaries of the U.S. from meddling in the U.S. crypto markets.
ET): The Thursday hearing will see lawmakers offer up amendments on the underlying text, which the committee published last week.