U.S. Senate Agriculture Committee Drafts Crypto Regulation Bill Amid Partisan Disagreements

The U.S. Senate Agriculture Committee has introduced a draft bill aimed at regulating the cryptocurrency market, including decentralized finance (DeFi) concerns. According to NS3.AI, the bill's advancement is hindered by partisan disagreements, with Democratic opposition stemming from political conflicts and concerns over consumer protection. Bipartisan support is necessary for the legislation to move forward. Meanwhile, the Senate Banking Committee's focus has shifted from crypto regulation to housing issues, which may lead to additional delays in the legislative process.