US crypto market structure bill delayed by winter storm

Severe storm conditions in the United States caused the Senate and other government offices to close on Monday.

The US Senate Agriculture Committee and two federal financial agencies delayed events related to digital asset regulation amid a winter storm that paralyzed many areas of the country over the weekend.

A spokesperson for Senate Agriculture Committee Chair John Boozman told Cointelegraph on Monday that the body would push a scheduled markup for its version of a crypto market structure bill to Thursday from Tuesday. The bill, called the Digital Commodity Intermediaries Act (DCIA), is the committee’s attempt to establish clear rules for the Commodity Futures Trading Commission (CFTC) over digital assets. 

In addition to the delay in Congress, the CFTC said on Monday that a joint event on crypto oversight harmonization with the US Securities and Exchange Commission (SEC) would be delayed by two days, to Thursday. CFTC Chair Michael Selig and SEC Chair Paul Atkins are scheduled to discuss “harmonization between the two agencies” on digital assets.

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