A significant 7-point step for crypto from the Democrats.

Donald Trump's victory in the elections in the US last year positively shook things up in the crypto world as well. While the Democrats remained silent for a long time about the changes that took place, they have now slowly started to take action.

According to information provided by Eleanor Terrett, one of the well-known reporters in the U.S. financial media, 12 Democratic senators published a crypto draft text containing 7 items late at night.

The text, which brings many proposals from the responsibilities of crypto issuers to the status of the issued token and banking regulations, aims to provide guidance for the regulations to be established in the crypto world.

So what topics are addressed in this text that will serve as a "roadmap function"? The content of the text is as follows:

Article 1: The spot market gap must be closed

There is no clear institution to regulate the spot market for cryptocurrencies that are commodities like Bitcoin. The authority to be the regulatory body in these markets should be given to the CFTC.

Article 2: Status must be clarified

It is currently unclear which asset is a "security" and which one is a "commodity". Lawsuits are being filed continuously. Clear rules must be established to determine the status of each asset.

Article 3: Provide clear information to investors

The laws regarding projects that issue tokens and cryptocurrencies are not clear. The SEC should have broad authority in this area. Issuers and project owners must provide detailed information to investors. Insider trading must be prevented, and governance and finance should be transparent.

Article 4: There is also uncertainty in exchanges and DEXes.

Exchanges, decentralized finance institutions (DEXs), brokers, and platforms providing custody services are also subject to uncertainty. A specific regulatory framework should be established for the DeFi world... The SEC should quickly set rules and force these institutions to comply with existing regulations.

Article 5: Illegal financing must be prevented

Cryptocurrencies can be used for illegal transactions and money laundering. To prevent this, all companies must register with FinCEN... Companies outside the US must comply with US regulations if they serve US citizens.

Article 6: Politicians should not issue tokens

Politicians can issue tokens or promote them for their own benefit. Elected officials in office and their families should not create cryptocurrencies, should not support existing cryptocurrencies, and should not profit from them...

Article 7: More funding and authority for institutions...

The SEC, CFTC, and Treasury's personnel and resources are insufficient. These institutions should be given more budget and expedited hiring authority.

Additionally, members from both parties must be at the table for crypto regulations.

Published: September 9, 2025 14:32Last Updated: September 9, 2025 14:34