Senate Democrats abandon seven pillars of market structure framework

12 Democratic senators unveiled a detailed framework for legislation on cryptocurrency market structures, aiming to regulate digital assets, prevent market manipulation, and limit elected officials from profiting from cryptocurrency businesses. The proposal includes the Commodity Futures Trading Commission (CFTC) regulation of non-securities tokens, a clearer jurisdiction definition and enhanced anti-money laundering rules. This suggests that despite possible conflicts over ethical terms and DeFi regulation, the two parties are pushing for negotiations.