The U.S. Senate Committee on Agriculture, Nutrition, and Forestry voted on Thursday to advance cryptocurrency market structure legislation, moving the bill closer to establishing federal regulations for digital assets.

The move has been lauded by prominent figures in the industry, who see it as a vital step in positioning the U.S. as a global leader in crypto innovation.

White House Czar Hails ‘Crypto Capital’ Push

Sacks, who also serves as White House AI and Crypto Czar, confirmed the committee action in an X post, thanking Chairman John Boozman for leadership on the measure.

“We are one step closer to establishing the necessary regulatory framework to make the United States the…

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