A dozen Senate Democrats on Tuesday laid out the key principles they hope to see in a bill regulating the cryptocurrency market.

The framework, put forward by Sens. Ruben Gallego (D-Ariz.), Mark Warner (D-Va.), Kirsten Gillibrand (D-N.Y.), Cory Booker (D-N.J.) and other crypto-friendly Democrats, offers up their view on the central issues underpinning market structure legislation.

“The framework is a substantive road map to guide what we hope will be robust and fruitful bipartisan negotiations and ultimately, a bipartisan product,” they said in a statement. “Achieving a strong, bipartisan outcome will require time and cannot be rushed. We look forward to working on this with our Republican colleagues.”

Senate Republicans released their own discussion draft in July, which they updated last week. However, they have yet to score any Democratic support.

The Democrats’ framework calls for the Commodity Futures Trading Commission (CFTC) to have exclusive jurisdiction over non-security........

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