U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member Warren calls for transparency and bipartisan work on crypto market structure legislation

The U.S. Senate Committee on Banking, Housing and Urban Affairs published a statement from Ranking Member Senator Elizabeth Warren on emerging crypto market structure legislation, urging a bipartisan legislative approach and greater transparency over stakeholder input. Warren said creating a new crypto regulatory regime requires legislation that can pass both the House and Senate, noting she released a legislative framework in July and that additional Democrats have now released their own framework. She criticised Republicans for producing two partisan drafts, including a recent proposal that she said reportedly reflects undisclosed industry and other stakeholder feedback that has not been shared with Committee Democrats or the public, and called on the majority to publish that feedback and work with Democrats on legislation that addresses concerns she associates with what she described as industry-written proposals.