Dems Respond to GOP’s Crypto Market Structure Bill With Framework of Priorities
Senate Democrats unveiled their own framework for market structure legislation to define how cryptocurrencies fit into current or future regulatory frameworks in the U.S., including how the Securities and Exchange Commission and Commodity Futures Trading Commission should oversee the digital asset sector.
The lawmakers’ framework, published Tuesday, listed seven “key pillars,” including calling for fair regulation that protects consumers and investors, defining how digital assets fit into different regulators’ jurisdictions and “preventing corruption and abuse.” Republicans on the Senate Banking Committee have already released multiple drafts of their own market structure bill, which Committee Chairman Tim Scott said should be through…
