TechFlow, September 9 — According to Crypto in America, a group of 12 Democratic U.S. senators released a detailed legislative framework on market structure.
The framework includes seven core components: authorizing the Commodity Futures Trading Commission (CFTC) to regulate non-security tokens, establishing a clear token classification process, requiring issuers to provide transparent disclosures, strengthening compliance requirements for trading platforms, and combating illicit financial activities. The proposal also recommends increased funding for the Securities and Exchange Commission (SEC), CFTC, and the Treasury Department.
Notably, preventing former President Trump from economically benefiting from his numerous cryptocurrency investments remains a key concern. One section of the seven-part framework is specifically dedicated to preventing corruption and abuse by restricting elected officials and their families from profiting from or promoting cryptocurrency projects during their term in office, along with mandating asset disclosures.
