Senate Democrats today announced plans to collaborate with Republican colleagues on bipartisan crypto market structure legislation, according to a joint statement from Senators Ruben Gallego, Mark Warner, and Kirsten Gillibrand.

Gallego, a Democratic senator from Arizona, Warner, a Virginia Democrat with a technology and finance background, and Gillibrand, a New York Democrat who has co-sponsored previous crypto bills, are spearheading a broader group of Senate Democrats in unveiling a framework to establish regulatory frameworks for digital assets.

Under President Donald Trump’s administration, there has been increased emphasis on pro-crypto policies, including executive actions to foster innovation while addressing national security concerns in digital finance.