Senate Agriculture Committee Chairman Who Led SBF-Backed Crypto Bill Will Not Reelect

Debbie Stabenow, chairman of the Senate Agriculture Committee, who previously drafted the expansion of the U.S. Commodity Futures Trading Commission (CFTC)’s jurisdiction over cryptocurrency exchanges and spot markets, said she will step down after the current term (until 2025), according to The Block. . The bill, previously introduced by Debbie Stabenow, has the support of former FTX CEO Sam Bankman-Fried. After FTX filed for bankruptcy, Debbie Stabenow and Senator John Boozman, who previously co-authored the bill, said that the bill is still necessary to tighten the regulation of cryptocurrency exchanges. amended and reintroduced during the current Congress. the