A major step in U.S. crypto law came today when the Senate Agriculture Committee passed the Digital Commodity Intermediaries Act. BankXRP (@BankXRP) shared a video showing senators in the committee led by Chairman John Boozman voting to advance the bill.
The committee approved its version of the crypto market bill on a 12–11 vote. The vote came along party lines with no Democratic support. The bill cleared this hurdle and now heads toward further Senate consideration.
🇺🇸 The Senate Agriculture Committee passes landmark #crypto market bill. pic.twitter.com/LxpxQS5k0r
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) January 29, 2026
What the Bill Does
The measure focuses on digital asset markets and the role of the Commodity Futures Trading Commission (CFTC). It aims to clarify how digital commodities and related market functions work under U.S. law. The bill would give the CFTC new authority to regulate spot markets for digital assets. It also introduces customer protections.
This version of the market bill builds on the House‑passed CLARITY Act from 2025. It reflects months of negotiations and some revisions from earlier drafts. Senate Ag Committee leadership said the bill aims to protect consumers and clarify rules for market participants.
A key part of the bill is a clear definition of digital commodities. It includes a framework for intermediaries, such as exchanges and brokers, to register, and requirements for the CFTC and SEC to coordinate on mixed jurisdiction issues. It also adds safeguards for software developers and innovation.
Why This Matters for XRP
XRP is regarded as a digital commodity under many interpretations of U.S. law. Clear federal rules that recognize this category reduce long‑standing uncertainty. If regulators and courts treat XRP as a commodity rather than a security, many operational and compliance hurdles could lessen.
That clarity helps institutional players assess legal risk and form trading strategies. Experts have described the Clarity Act as XRP’s golden ticket, and this bill includes similar provisions that could provide further clarity for crypto regulation in the U.S.
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Market participants have shown increased demand for regulated products tied to XRP, including spot XRP ETFs. These products saw massive inflows as regulatory developments moved ahead. Clearer rules around commodities can also help exchanges list and support XRP products with more confidence.
The bill’s emphasis on customer protections may strengthen institutional trust in XRP‑based instruments, which encourages liquidity and market participation.
Senate Progress and Next Steps
The committee vote moves crypto regulation forward. The Senate Banking Committee must review its version, and then the Agriculture and Banking bills must be combined. For XRP holders, it signals progress toward defined rules, safer markets, and a more reliable environment for trading and institutional participation.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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