Senate Democrats Outline Conditions for Supporting Crypto Market Structure Bill

Senate Democrats have issued a list of conditions under which they WOULD support pending digital asset market structure legislation. The demands, outlined in a letter led by Sen. Ruben Gallego (D-AZ), emphasize the need for bipartisan cooperation and maintaining Democratic representation at key regulatory agencies.

The coalition of 12 pro-crypto Democrats, including several who previously supported stablecoin legislation, cites concerns about executive branch appointments to the SEC and CFTC as a potential roadblock. Their stance reflects growing political engagement with cryptocurrency regulation as the industry seeks clearer frameworks.

Notably, the group includes both supporters and opponents of previous crypto legislation, suggesting complex political dynamics around digital asset regulation. The letter signals that while progress is possible, significant negotiations remain before comprehensive crypto legislation can advance.