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The Democratic Party has released seven frameworks for the crypto market, aiming to hedge the influence of Trump’s camp.
According to ChainCatcher news and reported by CryptoSlate, 12 Senate Democrats have released a framework for the structure of the crypto market, proposing that the CFTC regulate digital commodity spot trading, establish a regulatory model for DeFi, strengthen anti-money laundering and consumer protection, and continue the prohibition on interest-bearing products for stablecoin issuers as stipulated in the GENIUS Act; at the same time, it includes ethical constraints on public officials involved with coins to hedge against the impact of the Republican version of the CLARITY market structure proposal. This document serves as a policy blueprint and will need to be transformed into a bill and passed through congressional procedures.