U.S. House Republicans Officially Introduce Crypto Market Structure Bill

Description

Leading Republicans in the House of Representatives have formally introduced their latest version of the bill to establish a regulatory structure for digital assets markets, something the industry has clamored for for years

Authors

Nikhilesh De

Jesse Hamilton

Publish date

May 29, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/policy/2025/05/29/u-s-house-republicans-officially-introduce-crypto-market-structure-bill

Referenced by

Leading Republicans in the House of Representatives have formally introduced their latest version of the bill to establish a regulatory structure for digital assets markets, something the industry has clamored for for years.

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The bill also requires crypto platforms to be regulated as financial firms under the Bank Secrecy Act; exempts certain decentralized finance (DeFi) operations and wallet providers from SEC oversight; bans future efforts of regulators to force custody firms to hold their customers' assets on their own balance sheets as the SEC staff sought to do under a now-scrapped accounting stance; and puts some transactional authorities over payment stablecoins — which are clearly stated to not be securities — in the hands of whichever regulator already oversees the firm involved in the activity

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The legislation is expected to become the second major congressional effort toward establishing U.S. regulations for the crypto industry.

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