U.S. Senate Democrats Propose Seven-Pillar Framework for Crypto Regulation

The U.S. Senate Democratic party has unveiled a seven-pillar framework outlining proposed regulations for the cryptocurrency market, marking a significant step towards bipartisan crypto legislation. Aiming to foster clarity and confidence within the industry, the framework seeks increased collaboration with Republican lawmakers on this issue. 12 Senate Democrats have joined forces with GOP allies like Senator Cynthia Lummis to establish clear rules for digital assets and safeguard consumer interests. This initiative aims to bolster market stability and potentially influence asset flows, particularly impacting major cryptocurrencies like Bitcoin (BTC) and decentralized finance protocols.