A group of 12 Democratic senators has expressed willingness to collaborate with Republicans on a digital asset market structure framework. In a statement released Friday, the senators, including members of the Senate Banking and Agriculture Committees, emphasized the need for bipartisan authorship of the legislation, which is being pushed by Republican leadership. The Democrats outlined seven key pillars for the bill, focusing on combating illicit finance and closing regulatory gaps in the digital asset spot market. Despite Republicans holding a majority in Congress, Democratic support may be crucial for passing the legislation. Notably, Senator Elizabeth Warren did not join the statement, citing concerns over industry influence on regulation. Meanwhile, Republicans, led by Senator Cynthia Lummis, aim to advance their version of the bill, the Responsible Financial Innovation Act, through committee votes by the end of September, with a full Senate vote anticipated by year-end.