🇺🇸 Is Washington finally ready for crypto?

So, Is the U.S. finally getting its crypto act together?

It seems like we’ve been waiting forever, but something real could finally happen this week.

The Senate Agriculture Committee meets tomorrow, Thursday, January 29 at 10:30 a.m. ET to markup a big crypto market structure bill. It’s not the last vote yet, but it’s a big one. If they pass this, the bill can finally head to the full Senate.

Why does this matter?

Because this is the bill that could grant the CFTC more oversight power over crypto, define what’s a “digital commodity” while we’re at it, and settle some of those “is it or isn’t it a security” questions once and for all.

The bill has been in the works for a while. The House passed the measure last year and this Senate proposal has been inching along of late, especially now that D.C.’s little snowstorm is out of the way and everyone is back in town.

So what’s happening Thursday?

In other words, senators are going to go line-by-line through the measure, make some changes and then vote on whether they want to move it forward. Here’s what the big fights are over:

• Ethics rules: Are public officials or their family members allowed to hold crypto?

• Retail protections: What sort of support should ordinary investors receive?

• CFTC staffing: Some senators want to hold off on passing a bill until the CFTC has a full crew: at least four confirmed commissioners, with representation from both parties.

There’s also a bit of national security talk being thrown around: primarily, some language around making sure that hostile countries aren’t using crypto backdoors to play with U.S. interests behind the curtains.

One fun plot twist? Senators Roger Marshall and Dick Durbin were about to tack something on about credit card swipe fees (I know, right?), but that got dropped. That paves the way for the crypto partisans to keep center stage.

Wait: who’s backing this?

It’s largely Republicans leading the way: but there are a few Democrats playing ball. Take Amy Klobuchar, who wants to extend consumer protections and ensure that the public could really have someone on their side in this new system: something like a Digital Commodities Ombudsman.

The general vibe? There’s cautious support. The markup could go smoothly. But everyone’s still watching to see what amendments are included, and whether they could grind things to a halt or shoot them into the green.

Big picture: Is this it?

Kind of. The fact we’re even getting this close is big. The Senate dithered for months after the House passed the CLARITY Act last year. If this markup goes smoothly, the bill really has a legitimate chance of making it to the floor.

If it doesn’t? Well, it may be drowned out again in election-year drama.

Plus parallel action in the Senate Banking committee and Coinbase execs just returned from Davos after pitching banks on stablecoin yield stuff. Nothing solid over there yet, but the industry is certainly pushing for clarity.

The latest meme meta? Commodities.

It started as a joke. Crypto influencer @Cobie quipped that copper wouldn’t get a spoof memecoin. Within hours, CopperInu (COPPERINU) was live on Solana, and rocketed to a $12M+ market cap, with traders piling in for the irony.

Soon came GoldInu, SilverInu, and even Lean Hogs (LH): a full-blown commodity meme wave, tracking metal hype in traditional markets.

No, these tokens don’t track real assets. They track attention.

It’s the perfect storm of macro momentum (metal prices up), social virality, and Solana’s launch playground (Pump.fun, anyone?).

Not financial advice. But definitely a narrative to watch.

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