Bipartisan Push For Crypto: Democrats Present Key Principles For Market Structure Bill

Senate Democrats have unveiled a regulatory framework aimed at shaping cryptocurrency legislation, signaling a potential breakthrough in bipartisan negotiations. The proposal, led by Senators Gallego, Warner, Gillibrand, and Booker, seeks to clarify jurisdictional boundaries between the CFTC and securities regulators while addressing market structure concerns.

Central to the plan is granting the CFTC exclusive oversight of non-security crypto markets—a move that could resolve longstanding ambiguities hampering industry growth. The senators emphasized the need for clear securities law guidance, noting regulatory uncertainty has stifled innovation and deterred new market entrants.

This development follows Republican senators' July discussion draft, which failed to gain Democratic support. The current proposal frames crypto regulation as an urgent economic priority rather than a partisan issue, with lawmakers acknowledging digital assets' irreversible role in modern finance.