US Democratic lawmakers have proposed seven major regulatory frameworks for the crypto market, including restricting serving officials from making profits through crypto projects."
Internet reports that Crypto in America reports that a team of 12 U.S. Senate Democrats has released a detailed legislative framework for market structure. The framework contains seven core contents, including authorizing the Commodity Futures Trading Commission (CFTC) to regulate non-securities tokens, clarifying the token classification process, requiring issuers to provide clear disclosures, strengthening trading platform compliance requirements, and combating illegal financial activities. The framework also recommends increasing funding support from the Securities and Exchange Commission (SEC), CFTC and the Treasury Department. It is worth noting that preventing President Trump from deriving financial benefits from his numerous crypto investments remains a very important issue, with one section of the seven-part framework dedicated to preventing corruption and abuse by restricting elected officials and their families from publishing or benefiting from crypto projects while in office and requiring disclosure of their assets.
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