Senate Democrats Unveil Crypto Market Structure Framework Amid GOP Legislative Push

Senate Democrats have introduced a comprehensive framework for cryptocurrency market structure legislation, outlining seven key regulatory priorities. The proposal seeks to define digital assets' place within existing financial oversight systems while addressing jurisdictional boundaries between the SEC and CFTC.

The Democratic framework emphasizes consumer protection, prevention of market abuse, and clear regulatory demarcation. This MOVE comes as Republican lawmakers advance their own market structure bill through the Senate Banking Committee, with Chairman Tim Scott targeting September passage.

Notably, ten of the twelve Democratic signatories previously supported stablecoin legislation through the GENIUS Act, suggesting potential bipartisan alignment. Senator Kirsten Gillibrand's history of cross-aisle collaboration with Republican Cynthia Lummis on crypto bills further indicates possible pathways for compromise.