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Senators from both parties seek regulatory clarity amid surging crypto adoption and renewed calls for oversight.
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Key Takeaways
- Senate Democrats, including Senators Gallego, Warner, and Gillibrand, announced collaboration with Republicans for bipartisan crypto legislation.
- The push comes amid Trump administration support for pro-crypto policies.
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Senate Democrats today announced plans to collaborate with Republican colleagues on bipartisan crypto market structure legislation, according to a joint statement from Senators Ruben Gallego, Mark Warner, and Kirsten Gillibrand.
Gallego, a Democratic senator from Arizona, Warner, a Virginia Democrat with a technology and finance background, and Gillibrand, a New York Democrat who has co-sponsored previous crypto bills, are spearheading a broader group of Senate Democrats in unveiling a framework to establish regulatory frameworks for digital assets.
Under President Donald Trump’s administration, there has been increased emphasis on pro-crypto policies, including executive actions to foster innovation while addressing national security concerns in digital finance.
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