Senate Agriculture to markup DCIA; Klobuchar seeks CFTC four-commissioner threshold
US lawmakers are expected to return to Capitol Hill on Wednesday after inclement weather delayed committee meetings and votes, with attention turning to how senators will handle proposed amendments to a long-awaited crypto market structure bill. On Thursday, senators on the Senate Agriculture Committee are scheduled to meet for a markup on the Digital Commodity Intermediaries Act (DCIA), a bill to establish a digital asset market structure framework.
The markup is one of the first attempts by the chamber to advance market structure legislation amid the Senate Banking Committee postponing its markup after Coinbase pulled its support for the bill. Among the 11 DCIA amendments publicly available at the time of publication were proposals for banning lawmakers and White House officials from engaging with the crypto industry, forcing companies to compete on credit card swipe fees and addressing foreign interference in US markets.
Another amendment would prevent the law from being implemented until the US Commodity Futures Trading Commission (CFTC) had at least four commissioners in its leadership. The CFTC amendment was proposed by Minnesota Senator Amy Klobuchar in response to a dearth of commissioners at the federal regulator following the resignation of acting chair Caroline Pham and other members in 2025.
Klobuchar proposed that the market structure bill, if signed into law, not take effect "until at least four commissioners" at the CFTC were confirmed by the Senate.
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