Democratic Senators Push for Bipartisan Crypto Market Structure Legislation

A coalition of Democratic senators has renewed calls for bipartisan collaboration on the Clarity Act, a pivotal piece of crypto market structure legislation. Led by Senator Ruben Gallego, the group emphasizes the need for joint authorship with Republicans to ensure swift passage. "Given our shared interest in moving forward quickly on this issue, we hope they will agree to reasonable requests for true collaboration," the senators stated.

Senate Banking Committee Chair Tim Scott previously acknowledged the necessity of bipartisan support, estimating 12–18 Democratic votes would back the bill. The Clarity Act follows the precedent of the Genius Act, which succeeded through cross-party cooperation. Political dynamics loom large, as the cryptocurrency industry seeks regulatory certainty amid a narrowly divided Senate.