The U.S. Senate Agriculture Committee is about to release the latest draft of the Cryptocurrency Market Structure Act.

Crypto World News reported on January 21 that the U.S. Senate Agriculture Committee is expected to release its latest cryptocurrency market structure bill text before the end of today, preparing for next Tuesday’s committee review. The release of this text will reveal key consensus points reached after two weeks of additional negotiations between the two parties. Major contentious issues in the bill include whether meme coins should be classified as “digital commodities,” overall listing standards, classification methods for different tokens, regulatory funding for the Commodity Futures Trading Commission, and ethical clauses. If the Agriculture Committee can reach a strong bipartisan agreement, it may pave the way for similar legislation in the Senate Banking Committee. On the other hand, the review by the Banking Committee has not yet been scheduled after last week’s postponement. Currently, the pressure is mainly on Coinbase, whose sudden withdrawal of support for the bill has led to a pause in the review process. The parties now need to reach a consensus with the banking industry on stablecoin yield terms to return to the negotiation table. The White House Cryptocurrency Committee Executive Director hinted on social media that delays in legislation could lead to stricter regulation by a future government less friendly to cryptocurrencies.