Senate Democrats are pressing for a bipartisan authorship process on a crypto market structure bill, framing the effort as a step toward durable rules for a $4 trillion global market. The call for a bipartisan authorship process comes, according to the source, amid renewed negotiations on Capitol Hill.
Push for true collaboration
On September 19–20, 2025, twelve Democratic senators, led by Senator Ruben Gallego, formally urged “true collaboration” and a “bipartisan authorship process” for the crypto market structure bill. They argued that the digital asset market’s “$4 trillion global” valuation requires a considered and bipartisan approach to regulation.
To advance that goal, the group is seeking broader engagement across committees and across the aisle. They want the bill to reflect input from industry, consumer advocates, and market supervisors.
Committee coordination and CFTC role
Accordingly, Democrats are advocating increased coordination with the Senate Agriculture Committee. That panel oversees the Commodity Futures Trading Commission (CFTC), which they propose to empower with new authority over spot markets for non-security tokens.
In parallel, proposed safeguards would bar elected officials and their families from profiting from crypto projects while in office. Supporters say such measures could bolster public trust during rulemaking.
Key elements under discussion include:
• Stronger inter-committee coordination to avoid regulatory gaps.
• Expanded CFTC oversight for non-security token spot markets.
• Ethics restrictions for lawmakers and their families.
Even so, the timeline for any final draft remains unclear, according to the source. Moreover, the scope of CFTC powers would likely hinge on cross-party negotiations.
For background on market structure concepts, see this overview from Binance Academy. To understand stablecoin mechanics, explore our guide on how stablecoins work.
