Democrats Weigh Crypto Bill With Trump Restrictions

TL;DR House Democrats are reportedly discussing a crypto market structure bill combining earlier consumer-protection proposals with provisions Republicans accepted before September’s failed Senate vote. The emerging framework could give the SEC more authority, reduce the CFTC’s role and add ethics restrictions affecting President Donald Trump and other federal officials. Possible provisions include stricter custody, monthly proof-of-reserve attestations, SIPC-like protections, 24/7 customer service and intermediary-style requirements for parts of DeFi markets. House Democrats are reportedly discussing a crypto market structure bill expanding Representative Maxine Waters’ 2025 Crypto Investor and Consumer Bill of Rights. In a November 5 post , journalist Eleanor Terrett said four sources described a proposal combining previously rejected Democratic provisions with measures Republicans had accepted before September’s failed Senate cloture vote.

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