House Democrats Weigh Broader Crypto Market Structure Bill

House Democrats are discussing a broader cryptocurrency market-structure bill that could expand consumer protections and give the Securities and Exchange Commission greater oversight, according to a report by journalist Eleanor Terrett. The proposal would build on a 2025 amendment by Rep. Maxine Waters, but it has not been formally introduced and no draft text has been published. Terrett reported that the discussions involve expanding Waters’s Crypto Investor and Consumer Bill of Rights amendment into legislation for the next Congress. The reported approach would increase the SEC’s role in supervising crypto markets while reducing the Commodity Futures Trading Commission’s role. The details remain tentative and derive from industry sources briefed by Democratic staffers, rather than published legislation. Possible consumer-protection provisions include stricter custody and reserve requirements, safeguards for customer assets, and limits on crypto firms trading against their own customers. Waters’s earlier amendment proposed specific measures including monthly reserve attestations and withdrawals within 24 hours, but it was blocked from floor consideration in 2025. Those...