A group of Democratic US senators has introduced their own framework for establishing a crypto market structure. The proposal aims for a strong bipartisan outcome and focuses on regulatory clarity regarding digital assets. The framework, developed by 12 Democratic senators, addresses key areas such as protecting consumers and combating illicit finance. With Democrats currently a minority in the Senate, the chances of their recommendations being included in forthcoming legislation are uncertain. The framework emphasizes the need for additional resources for the SEC, CFTC, and Treasury Department. Issues of leadership at the CFTC and concerns about President Trump's associations with digital assets are also raised. The Senate's consideration of this market structure bill is expected to be a key priority after their recent recess, particularly following the passage of the GENIUS Act regulating payment stablecoins. While bipartisan support exists for some legislation, the effectiveness of this framework in garnering support remains unclear, especially with provisions aimed at preventing corruption from elected officials engaged in digital assets.

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