Senate Revives Crypto Market Structure Bill with Fresh Commodities-Focused Push
Blog Agent Posted On January 22, 2026 What Does the Senate’s New Move Mean for Crypto?
Crypto markets have been waiting for clear rules. For years, fights between regulators have kept things unclear. Now, the US Senate is giving the crypto market structure bill a second chance. This time, it ties crypto to commodities regulation. This could change how Bitcoin, Ethereum, and other tokens are treated.
The bill aims to split duties. The Commodity Futures Trading Commission (CFTC) would handle most crypto as commodities. The Securities and Exchange Commission (SEC) would focus on a smaller group. This setup could bring more clarity and growth to the industry.
Background: From House Win to Senate Hurdles
The story starts in the House of Representatives. In May 2024, they passed the Financial Innovation and Technology for the 21st Century Act, or FIT21. It got strong support, with 279 votes in favor. FIT21 sets rules for when a crypto asset is a “digital commodity” or a “digital asset.”
- Digital commodities: Things like Bitcoin that are fully decentralized go to CFTC.
- Digital assets: Tokens tied to companies or not fully decentralized go to SEC.
The House win was big news. But the Senate has been slow. Some senators worry about risks like fraud. Others want to protect consumers. Now, a new version links the bill to commodities rules. This makes it easier for CFTC to lead.
Key Changes in the Senate’s Commodities-Tied Version
The Senate bill builds on FIT21 but adds twists. It stresses CFTC’s role for spot markets. Spot markets are where you buy crypto directly, not futures contracts.
| Feature | House FIT21 | Senate Version |
|---|---|---|
| Regulator Split | CFTC for commodities, SEC for securities | Stronger CFTC push for most crypto |
| Spot Markets | CFTC oversight | Clear rules for decentralized assets |
| Stablecoins | Not fully covered | Ties to separate stablecoin bill |
Experts say this version fixes past issues. It gives platforms like Coinbase clear paths to list tokens. It also sets standards for decentralization to avoid SEC claims.
Why This Matters for Crypto Users and Businesses
Clear rules mean less fear. Right now, SEC lawsuits scare companies away. A CFTC-led system is friendlier. CFTC has experience with futures like Bitcoin ETFs.
For users:
- Safer exchanges with federal oversight.
- More products like ETFs for altcoins.
- Better protection from scams.
For businesses:
- Easier to raise funds without SEC red tape.
- Global edge as US becomes crypto hub.
- Boost for DeFi and NFTs under clear rules.
Bitcoin hit new highs after ETF approvals. This bill could do the same for the whole market.
Challenges Ahead: Politics and Pushback
Not everyone agrees. SEC Chair Gary Gensler calls most crypto securities. He wants strict rules. Democrats worry about consumer risks after FTX crash.
But support grows. Bipartisan senators like Cynthia Lummis (R) and Kirsten Gillibrand (D) back it. Industry groups like Coinbase lobby hard.
Timing is key. With elections near, Congress wants wins. The bill might pass before year-end, bundled with other finance laws.
Global View: How US Rules Affect the World
Crypto is global. US rules set the tone. Europe has MiCA rules. Asia has mixed views. If US goes CFTC-heavy, it pulls innovation home.
Think about it: More US jobs in blockchain. Easier for devs to build. Wall Street gets in deeper with crypto products.
What Comes Next for the ?
Watch Senate hearings soon. Amendments will come. Full Senate vote could follow. If passed, President Biden might sign it.
Long-term, this ends the “regulation by enforcement” era. Crypto grows from Wild West to mature market.
Stay tuned. This bill could be the turning point for crypto regulation in 2024.
Final Thoughts
The Senate’s commodities-tied version gives hope. It balances innovation and safety. Crypto fans, investors, builders – all win with clarity. What do you think? Will this pass?
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