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U.S. Senate Agriculture Committee votes 12-11 along party lines to advance crypto bill, with Republicans celebrating and Democrats opposing in a tense hearing room filled with crypto imagery.
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Senate agriculture committee advances crypto bill on party lines

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The U.S. Senate Agriculture Committee voted 12-11 along party lines to advance a crypto market structure bill on January 29, 2026, marking a milestone despite lacking bipartisan support. Democrats opposed the measure over concerns including ethics rules for President Donald Trump and his family's crypto interests, as well as protections for consumers and the Commodity Futures Trading Commission. The bill now heads to the Senate Banking Committee for further consideration.

Venture capital firm a16z has filed an 18-page letter backing the Commodity Futures Trading Commission in its disputes with states over prediction markets. The firm argues that federal law preempts state regulations on platforms like Kalshi and Polymarket. It claims state crackdowns undermine the CFTC's mandate for impartial market access.

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Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, received U.S. Commodity Futures Trading Commission approval for a derivatives clearinghouse license. The approval enables the company to expand into regulated derivatives and prediction markets. Gemini shares rose about 7% following the announcement.

The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission held a joint event on January 29 to discuss harmonizing their approaches to cryptocurrency oversight. Chairmen Paul S. Atkins and Michael S. Selig announced Project Crypto as a collaborative initiative to streamline regulations and foster innovation. The effort aims to position the United States as the global crypto capital, in line with President Donald Trump's vision.

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The U.S. Senate Committee on Agriculture, Nutrition, and Forestry has released an updated draft of a bipartisan bill aimed at expanding the Commodity Futures Trading Commission's authority over digital commodities. Chairman John Boozman introduced the text on January 21, building on a previous discussion draft. The changes include oversight of spot transactions and exclusions for stablecoins.

Travis McGhee, seorang eksekutif di Crypto.com, menyatakan keyakinan bahwa pengadilan AS akan mengonfirmasi otoritas Komisi Perdagangan Berjangka Komoditas atas pasar prediksi. Ia menyoroti bagaimana pasar ini mengungguli jajak pendapat tradisional selama pemilu AS 2024.

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Ketua CFTC mantan Timothy Massad mengusulkan penggabungan Securities and Exchange Commission dan Commodity Futures Trading Commission menjadi satu regulator untuk aset digital. Dalam artikel Brookings Institution, ia menyarankan Presiden Trump dapat memajukan penggabungan yang telah lama dibahas ini. Massad memperingatkan bahwa usulan kongres saat ini berisiko merusak regulasi sekuritas.

 

 

 

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