The U.S. Senate Agriculture Committee rescheduled a hearing on its encryption bill to January 27

PANews reported on January 14 that according to CoinDesk, the U.S. Senate Agriculture Committee plans to announce its cryptocurrency market structure bill on January 21 and hold a key hearing on the text of the bill on January 27. The hearing originally scheduled for January 15, but postponed on Monday, will begin at 3 p.m. Bill amendment hearings are a key step in moving the legislation forward, as lawmakers will be able to debate amendments, vote on whether to add them to the underlying text, and then vote on whether to send the entire bill to the full Senate for consideration. The Senate Banking Committee will hold its own bill revision hearing on its version of the bill on Thursday. A draft of the Banking Committee's version of the bill was released around midnight on Monday, although lawmakers are expected to propose amendments before the hearing.

The Agriculture Committee has not released draft text of the bill since the initial discussion draft was released. Unresolved issues include ethics provisions, covering President Trump and his family’s ties to multiple crypto businesses, and quorum rules, which require regulators like the SEC and CFTC to be led by bipartisan commissioners. Currently, both agencies have only Republican commissioners. The Banking Commission's bill text also does not include provisions on ethics or quorums, so the current version may not have bipartisan support, people familiar with the matter said.

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