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House Democrats discuss broader crypto market structure bill
House Democrats are discussing a broader crypto market structure bill that would expand Rep. Maxine Waters' consumer bill of rights, potentially increasing SEC oversight and imposing stricter rules on crypto exchanges. The proposal aims to combine previously unadopted provisions from the CLARITY Act with new measures, including stricter custody rules and consumer protection initiatives such as SIPC-like coverage for customer assets. The bill's progress may be complicated by midterm election results, with some GOP legislators viewing it as a "messaging bill." Analysts predict potential delays in its implementation.