Bipartisan Prospects for the 'Digital Asset Market Structure Proposal' Look Promising

On September 11, U.S. Senate Democrats released the framework for the 'Digital Asset Market Structure Proposal,' aiming to promote bipartisan collaboration. The framework covers seven key pillars, including token jurisdiction, platform regulation, and combating illicit finance, with significant overlap with Republican priorities. Senator Cynthia Lummis praised the bipartisan efforts. The Senate Banking Committee is expected to revise the draft by the end of September, while the Agriculture Committee will also release related content. The proposal may advance by the end of the year.