In a narrowly divided party-line vote, The U.S. Senate Agriculture Committee advanced its version of crypto market legislation in a 12-11 vote Thursday, marking a milestone in congressional efforts to finally legislate comprehensive crypto market structure rules. 

All Democrats on the committee opposed the motion, citing substantive disagreements over ethics provisions, consumer protections, and the independence of the Commodity Futures Trading Commission (CFTC).

Chairman Sen. John Boozman (R-Ark.) opened the markup by touting months of negotiations and “substantive, cordial conversations,” but acknowledged that “fundamental policy disagreements” remain.

“Now…

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