The Senate Committee on Agriculture, Nutrition, and Forestry convened a hearing led by Chairwoman Senator Debbie Stabenow, emphasising the critical necessity for robust regulatory measures in the cryptocurrency market.

The discussion focused on safeguarding investor interests, ensuring market integrity, and addressing the lack of federal oversight over digital commodities such as Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH).

Senator Stabenow underscored recent investor losses, cybersecurity vulnerabilities, and the need for regulatory parity with traditional financial institutions.

Proposing bipartisan legislation, she outlined measures to enhance customer protection, ensure fair market practices, and provide sustainable funding for the Commodity Futures Trading Commission (CFTC) to oversee the evolving crypto landscape.

Expressing optimism for bipartisan support, Stabenow highlighted ongoing efforts to establish clearer regulatory frameworks to bolster market integrity and investor confidence.