A group of pro-crypto Senate Democrats has outlined conditions for supporting a crucial digital asset market-structure bill currently under debate in Congress. Among their demands are seats at the SEC and CFTC, along with provisions for consumer protection, jurisdictional clarity, rules for issuers and trading platforms, and regulations to curb illicit finance. The group aims to engage in bipartisan negotiations to ensure a durable regulatory framework for cryptocurrency that can withstand political changes. The push is characterized as a response to perceived GOP dominance in federal agencies like the SEC and CFTC. This collaboration aims to mitigate the risks of volatile regulatory shifts and create more stable conditions for crypto markets. The senators believe that without Democratic representation in these regulatory bodies, a balanced and fair regulatory process may be compromised. Ultimately, bringing Democrats into the conversation is seen as a way to secure a long-term, stable framework for the cryptocurrency industry, minimizing potential future policy reversals regardless of political tides.

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