A dozen pro-crypto Senate Democrats outlined conditions for supporting a pending crypto market structure bill, emphasizing the need for bipartisan cooperation. The letter, led by Sen. Ruben Gallego, highlights the importance of Democratic representation in the SEC and CFTC, especially amid President Trump's recent actions against Democratic commissioners. The group underscores that effective digital asset regulation requires adequate funding and diverse representation. Key requests include avoiding regulations that would classify digital assets as securities, enhancing the CFTC's powers, and ensuring that the regulatory framework does not favor crypto companies over traditional financial entities. Notably, the senators signal that swift movement on the bill could jeopardize their support, indicating a desire for thorough discussions with Republican counterparts to achieve a stable legislative outcome.

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