Crypto bill clears U.S. Senate milestone as effort advanced through first committee

The market structure legislation for the first time advanced beyond a committee, setting up the next steps that could end with a vote of the overall chamber. What to know : After a brief series of amendments were rejected, the U.S. Senate Agriculture Committee voted to advance its version of the crypto market structure bill to its next phase. That a high-water mark for market structure legislation in the Senate, after years of negotiation and lobbying, but the bill still needs to same treatment at the Senate Banking Committee. It's also lacking Democratic support that would be required for an eventual passage in the overall Senate, though Democrats remain at the negotiating table.