The United States Senate Agriculture Committee passed a crypto market structure bill on January 29, 2026 (yesterday) with a partisan vote of 12-11.

Key Contents of the Bill

• The bill aims to establish a comprehensive regulatory framework for cryptocurrencies, primarily granting the Commodity Futures Trading Commission (CFTC) regulatory authority over the spot digital asset market while clarifying the division of responsibilities between the SEC and the CFTC.

• It is based on the CLARITY Act (also known as FIT21) previously passed by the House of Representatives and incorporates some aspects of bipartisan negotiations.

• The vote reflects partisan divisions: unanimous support from Republicans, opposition from Democrats, and no bipartisan consensus.

Current Progress and Outlook

• This is just progress at the committee stage; the bill still needs to be reviewed by the Senate Banking Committee before being submitted for a full Senate vote (which may require 60 votes to overcome a filibuster).

• Democratic opposition may pose obstacles, but the overall regulatory environment for cryptocurrencies in 2026 is relatively positive (influenced by the new administration). If ultimately passed, it will provide the long-awaited regulatory clarity for the industry, favorable for institutional adoption and market development of assets like Bitcoin and Ethereum.

This is an important step in U.S. crypto legislation, but there is still distance to becoming law. #下任美联储主席会是谁？