U.S. Senate Agriculture Committee Chair Debbie Stabenow has been working on a crypto bill and a hearing was scheduled for Wednesday, but voting on the bill was delayed or resumed in September. Stabenow said her bill would give the U.S. Commodity Futures Trading Commission authority over "digital commodities" and provide the CFTC with permanent funding to oversee the market. The bill would specifically require cryptocurrency companies to hold adequate capital reserves and establish strict cyber security standards. It also aims to protect retail customers by providing them with accurate information about their assets. "The bill has gone through multiple iterations as industry leaders and committee members continue to provide input to Senator Stabenow's team," Cody Carbone, chief policy officer at the Chamber of Digital Commerce, said in a statement. "It appears positive that consideration of the bill will be delayed until after the August recess to reach more consensus."