Senate Agriculture Committee Delays Vote on Digital Commodity Intermediaries Act

The Senate Agriculture Committee has delayed the markup vote on the Digital Commodity Intermediaries Act due to severe winter weather in Washington, D.C. According to NS3.AI, this legislation seeks to enhance the Commodity Futures Trading Commission's (CFTC) oversight of digital commodities such as Bitcoin. It contrasts with the Banking Committee's CLARITY Act in significant regulatory areas. The postponement introduces further uncertainty into the legislative process, which is already challenged by bipartisan disagreements and delays in the Senate Banking Committee.