House Dems pushing Maxine Waters' Crypto Bill of Rights into a full 2025 market structure bill

What this means:
• SEC gets MORE power over CFTC in crypto oversight
• New federal ethics restrictions incoming
• Classic regulatory turf war — SEC trying to claim more jurisdiction

This is bearish for DeFi freedom, bullish for compliance theater. Waters has always been anti-crypto innovation. If this passes, expect:
→ Stricter KYC/AML on protocols
→ More tokens classified as securities
→ Slower product launches in the US

Watch how $BTC and $ETH react to regulatory FUD cycles. Smart money is already hedging offshore.