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House Republicans Propose New Crypto Regulations Amid Opposition

5/6/2025

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Summary

Story summary

On May 5, House Republicans unveiled a draft bill to regulate the U.S. cryptocurrency landscape, clearly defining key terms and dividing oversight between the SEC and CFTC. This legislation seeks to safeguard decentralized finance (DeFi) protocols and self-custody rights. A crucial joint hearing is set for May 6, as Democratic opposition looms.

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Story summary

On May 5, House Republicans unveiled a draft bill to regulate the U.S. cryptocurrency landscape, clearly defining key terms and dividing oversight between the SEC and CFTC. This legislation seeks to safeguard decentralized finance (DeFi) protocols and self-custody rights. A crucial joint hearing is set for May 6, as Democratic opposition looms.