12 Democratic Senators Counter GOP Crypto Plan With Market Framework

* Twelve Democratic senators propose bipartisan-focused crypto legislation. * The framework counters a Republican-led draft bill, seeking market clarity. On September 9, 2025, 12 Democratic senators released a counter-framework to Republican crypto legislation, intensifying the bipartisan debate over digital asset market rules. Proposed as an alternative to a previous Republican draft bill, the framework emphasizes bipartisan collaboration and consumer protection while also addressing regulatory uncertainties in the rapidly evolving digital asset space. The Democratic framework seeks to establish clear governance roles for regulators like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It proposes allocating additional resources to these agencies to enhance their oversight, which would close existing gaps in the spot market for digital assets not classified as securities. The lawmakers stress the importance of a deliberate legislative approach, warning that a rushed process could result in ineffective or incomplete regulations. Notably, the Democratic proposal includes stricter rules to prevent elected officials and their families from profiting from digital assets while holding public office by prohibiting them from issuing or endorsing such assets. The framework highlights concerns that former President Donald Trump's reported ties to the cryptocurrency industry through his family’s business ventures could hinder bipartisan negotiations. This initiative comes as the Senate Banking Committee, led by Republican Senator Tim Scott, advances its own crypto market structure bill. The Democratic framework further illustrates the growing debate between political parties over appropriate regulatory measures focused on bolstering market integrity and ensuring robust consumer protections. Market data from September 9 showed mixed results for specific digital assets. As of 20:08 UTC, Official Trump (TRUMP) was trading at $8.656, reflecting a 0.859% increase in 24-hour trading volume. In contrast, World Liberty Financial (WLFI) was trading at $0.198 as of 20:09 UTC, marking a 5.316% decrease in its 24-hour trading volume. Meanwhile, World Liberty Financial USD (USD1) remained stable at $0.999, showing a minimal 0.016% change over the same period.