US gov‘t officials delay market structure markup, SEC-CFTC crypto meeting

The delays came amid a massive winter storm that caused the US Senate and other government offices to be closed on Monday.

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

A spokesperson for the 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 from Tuesday to Thursday. The bill, called the Digital Commodity Intermediaries Act, 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 also be delayed by two days, from Tuesday 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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