A bill that seeks to establish a comprehensive regulatory framework for Bitcoin (BTC) and cryptocurrencies in the United States has passed the Senate, clearing its first hurdle in the Agriculture Committee. But this development comes with a vote that reflects deep partisan divisions and the need for broad consensus for final approval.
On January 29, 2026, the Agriculture Committee approved the Digital Goods Intermediation Bill with a narrow margin of 12 votes in favor and 11 votes against. This law represents First species commission to advance beyond Senate committeethe Commodity Futures Trading Commission (CFTC) will be given greater regulatory authority over digital assets classified as commodities or underlying products.
The committee’s chairman, Republican Sen. John Boozman of Arkansas, said the vote came after months of unsuccessful bipartisan negotiations.
This is an important step towards creating clear rules for digital asset markets. Moving forward with this bill brings us closer to a U.S. regulatory framework that protects consumers while allowing American business and innovation to thrive. There is still much work to be done.
John Boozman, Chairman of the U.S. Senate Agriculture Committee
The senator added that the project incorporates elements previously discussed with Democrats and contributions from various players in the field, but fundamental political differences prevented widespread agreement.
in contrast, Democratic senators on the committee voted unanimously against it.. Cory Booker of New Jersey, a ranking member of the committee, expressed concern about the lack of provisions to address potential conflicts of interest between decentralized finance (DeFi) and public officials and the crypto industry.
Amy Klobuchar of Minnesota acknowledged the progress was partial, but stressed the need for continued bipartisan cooperation to effectively complete the legislative process.
The bill retains a key provision that transfers oversight of the digital asset spot market to the CFTC. Distinguish from the jurisdiction of the Securities and Exchange Commission (SEC) About values themselves. It also includes asset listing standards, disclosure requirements, safeguards for customer funds, and specific protections for non-custodial software providers.
How did the crypto industry react?
The crypto industry welcomed this progress with optimism, but pending regulatory challenges called for caution.
Coinbase CEO Brian Armstrong said the vote is an important step toward a comprehensive federal regulatory framework. As reported by CriptoNoticias, Armstrong has on other occasions emphasized the urgency for a unified system to eliminate regulatory uncertainty and foster innovation in the United States.
Ripple CEO Brad Garlinghouse considered this progress a positive sign towards achieving a viable regulatory framework for digital assets.
he claimed that Greater legislative transparency is essential to alleviate the current confusion Allowing innovation to flourish in the marketplace while recognizing that no law will completely satisfy all parties involved.
What’s next?
The next step in the complex legislative process will require review of the bill by the Senate Banking Committee. The commission deals with issues related to the SEC and is working on its proposed regulations, the Transparency Act.
Both versions, the Senate Banking Committee’s proposal and the Agriculture Committee’s proposal, must be harmonized before being voted on by the full Senate. It should be noted that the House has already passed a similar bill, the GENIUS Act of 2025, with broad bipartisan support, which could facilitate dialogue between the two chambers.
Stablecoins are expressly excluded from the definition of digital goods in the Agriculture Committee’s draft law. Therefore, there is no provision in this document regarding the payment of stablecoin rewards or interest.
The issue is a major sticking point in the Senate Banking Committee’s version (related to the Transparency Act) and the GENIUS Act of 2025, which prohibits direct issuer compensation while leaving loopholes for third parties such as exchanges.
With budget negotiations on hold and midterm elections scheduled for November 2026, Congress’ schedule looks tight. For this bill to become law, Must be approved by both the Senate and the House of Representativesand finally the president’s signature.
While this progress is framed against the backdrop of increased institutional interest in digital assets in the United States, significant differences still exist when it comes to consumer protection, fraud prevention, and ethical conflicts.
(Tag Translate)Bitcoin (BTC)
