Senate Democrats Push for Bipartisan Approach to Crypto Market Structure Bill
Twelve Senate Democrats are demanding a more collaborative role in shaping landmark cryptocurrency legislation as the Senate Banking Committee prepares to vote on a Republican-led market structure bill. In a joint statement, lawmakers including Senators Kirsten Gillibrand (D-NY) and Cory Booker (D-NJ) emphasized the need for bipartisan authorship, arguing that a $4 trillion global market deserves balanced input.
The Democrats released their own policy framework outlining seven Core principles for digital asset oversight, including closing regulatory gaps in spot markets for non-security tokens. Their push comes amid a broader struggle between parties over drafting power, with the group urging Republicans to prioritize "mutual understanding" before advancing legislation.
