House Dems cooking up their own crypto bill—built on Maxine Waters' "investor protection" framework.

Translation: More SEC oversight incoming.

This isn't pro-innovation. This is the old guard trying to cage DeFi under TradFi rules.

While Republicans push FIT21 (lighter touch, CFTC-friendly), Dems want the SEC's hands all over your bags.

Expect:
• Stricter exchange regs
• More token = security assumptions
• Compliance hell for builders

Bullish for $BTC $ETH as "commodities." Bearish for altcoins without legal teams.

Watch how this plays out—could define US crypto for years.