Senate Democrats propose framework for crypto market rules
The Democratic plan addresses illicit finance, spot market gaps, and strengthens disclosure rules to prevent corruption and abuse.
A group of 12 Democratic US senators unveiled a crypto regulation plan, highlighting the need for bipartisan oversight. The proposal comes in response to Republicans’ plan to advance a market structure bill this month.
The Democrats’ framework outlines seven key pillars, including protections against illicit finance and measures to close gaps in the spot market for digital assets not classified as securities. It also calls for fair and effective regulation, highlighting concerns over the SEC, CFTC, and Treasury Department leadership.
The framework criticised Trump for removing Democratic commissioners and noted his family’s financial ties to crypto projects. Senators urged limits on elected officials and family members profiting from digital assets and reinforced disclosure requirements.
With the House passing the CLARITY Act and the GENIUS Act regulating stablecoins, the Senate is expected to prioritise crypto market structure legislation. However, Democrats remain uncertain whether Republicans will adopt their recommendations, with a final bill unlikely before 2026.
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