Senate Democrats lay out framework for crypto market structure bill
Senate Democrats propose bipartisan conditions for crypto bill, emphasizing balanced SEC and CFTC oversight and addressing political composition to secure durable digital asset regulation.
- Senate Democrats unveiled a comprehensive framework on Tuesday to regulate the crypto market structure in the U.S., focusing on CFTC oversight of digital commodities.
- This framework responds to longstanding regulatory debates and aims to address the unclear division between the Commodity Futures Trading Commission and Securities and Exchange Commission.
- The proposed framework calls for bipartisan commission appointments, restrictions on politicians and families issuing or profiting from digital assets, and mandates clearer jurisdiction and consumer protections.
- Lawmakers emphasized the importance of establishing transparent regulations to protect the many Americans involved in this market, aiming to enhance market stability and prevent the misuse of digital assets for illicit purposes.
- If enacted with bipartisan support, the framework could reshape compliance mechanisms, enhance regulatory clarity for major assets like Bitcoin and Ethereum, and influence platform oversight and market operations.
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Senate Democrats lay out priorities for crypto market structure
Cointelegraph
Cryptocurrency News | Cryptocurrency Prices | Market CapUS Senate Democrats offer competing framework for crypto market structure
With Senate Republicans in the banking committee expected to vote on a market structure bill by the end of September, Democrats have released their proposed framework.
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A dozen Senate Democrats unveiled a comprehensive cryptocurrency regulatory framework Tuesday, directly challenging President Donald Trump‘s family business ties to digital assets. Democratic Senators Propose CFTC Jurisdiction Expansion The proposal, led by Sens. Ruben Gallego (D-Ariz.), Mark Warner (D-Va.) and Kirsten Gillibrand (D-N.Y.), seeks to grant exclusive jurisdiction over non-security crypto markets to the Commodity Futures Trading Com…
Senate Democrats lay out framework for crypto market structure bill
A dozen Senate Democrats on Tuesday laid out the key principles they hope to see in a bill regulating the cryptocurrency market. The framework, put forward by Sens. Ruben Gallego (D-Ariz.), Mark Warner (D-Va.), Kirsten Gillibrand (D-N.Y.), Cory Booker (D-N.J.) and other crypto-friendly Democrats, offers up their view on the central issues underpinning market structure…
Proposed Crypto Framework Aims to Close Regulatory Gaps in $4T Market
The proposal seeks to end years of uncertainty by dividing responsibilities between the CFTC and SEC while adding new safeguards for consumers. The draft framework would hand the CFTC control over spot trading of cryptocurrencies that aren’t securities, while the SEC would adapt its disclosure regime for tokenized securities. Both agencies would receive more funding and authority to police custody, leverage, and conflicts of interest. Beyond mar…
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