{"database": "press", "table": "releases", "rows": [["https://www.boozman.senate.gov/public/index.cfm/press-releases?ID=FC177922-1BA0-4959-819C-8C238C4D5C8C", "Boozman, Booker Release Bipartisan Market Structure Discussion Draft", "2025-11-20", "2025", "2025-11", "Republican", "Senate", "AR", "John Boozman", "B001236", "www.boozman.senate.gov", "boozman", "https://www.boozman.senate.gov/public/index.cfm/press-releases", "scraper", "WASHINGTON\u2014U.S. Senate Committee on Agriculture, Nutrition, and Forestry Chairman John Boozman (R-AR) and Senator Cory Booker (D-NJ) released a discussion draft of legislation that would provide new authority to the Commodity Futures Trading Commission (CFTC) to regulate digital commodities. This bipartisan proposal expands upon the CLARITY Act approved by the House of Representatives in July.\n\n\u201cThe CFTC is the right agency to regulate spot digital commodity trading, and it is essential to establish clear rules for the emerging crypto market while also protecting consumers. This discussion draft advances those goals and lays an important marker as we work toward final policy language,\u201d Boozman said. \u201cI appreciate Senator Booker\u2019s partnership as we advance those objectives and create a regulatory framework to participate in this marketplace. I\u2019m grateful for his collaboration in strengthening this proposal, and I look forward to continuing working with him, the Senate Banking Committee, and our House colleagues to deliver bipartisan legislation that protects the public, fosters innovation and allows U.S. businesses to thrive.\u201d\n\n\u201cMore Americans are engaging with novel financial markets and payment systems than ever before, and Congress must take steps to strengthen and expand regulatory frameworks to protect consumers from predatory practices, keep our markets safe, and prevent bad actors from exploiting regulatory gaps,\u201d said Booker. \u201cThis bipartisan discussion draft would provide the CFTC with new authority to regulate the digital commodity spot market, create new protections for retail customers, and ensure the agency has the personnel and resources necessary to oversee this growing market.\u201d\n\nThis bipartisan discussion draft reflects months of negotiations, incorporating agreed-upon policies and unresolved issues marked in brackets. The senators welcome feedback from stakeholders and thought leaders.\n\nThe discussion draft includes:\n\nA clear definition of digital commodities and the establishment of a spot market digital commodity regulatory regime with the CFTC;\n\nRobust consumer protections including customer fund segregation requirements, conflict of interest safeguards, appropriate customer disclosure requirements, and prohibitions on certain affiliated trading;\n\nA trading registration regime designed to facilitate liquid and resilient regulated markets while protecting retail participants;\n\nRequirements for the CFTC and SEC to coordinate and collaborate on necessary inter-agency rulemakings;\n\nProtections for self-custody and innovative technology; and\n\nA new funding stream for the CFTC to stand up a spot market regulatory regime.", 1, "2026-03-30T01:40:41Z", "2026-04-06T19:52:45Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.boozman.senate.gov/public/index.cfm/press-releases?ID=FC177922-1BA0-4959-819C-8C238C4D5C8C"], "units": {}, "query_ms": 1.0206180159002542, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}