Maxine Waters calls her crypto plan "tough but fair." Patrick McHenry, who used to chair that committee, only believes the first half.
Why $ETH holders should care: Waters is set to take over House Financial Services in January 2027, after Democrats won both chambers in the November 3 midterms. House Democrats are reportedly drafting their own market structure framework built on her earlier proposals, per Cryptonews.net at 21:59 UTC on November 11.
On the table so far:
- Her 2025 amendment called for monthly proof of reserves and 24-hour customer withdrawals
- The new framework may rebalance oversight between the SEC and the CFTC
Reserves and withdrawals land on platforms. The SEC vs CFTC split shapes how a token like Ether gets regulated.
McHenry's counterweight: on November 9 he said an openly anti-crypto bill would likely fail in the incoming House, since bipartisan pro-crypto support is stronger than ever.
Ether is at $2,054, down 0.37% in 24 hours and 15.16% over 7 days, funding +0.007%, Fear & Greed 28.
What I'm watching on $ETH: the $2,036 low of today's range, and whether bill text shows up before January.
The market is already in fear today, and the rulebook that could reshape it is still only a draft.
#ETH #CryptoRegulation #MaxineWaters #MarketStructure
Why $ETH holders should care: Waters is set to take over House Financial Services in January 2027, after Democrats won both chambers in the November 3 midterms. House Democrats are reportedly drafting their own market structure framework built on her earlier proposals, per Cryptonews.net at 21:59 UTC on November 11.
On the table so far:
- Her 2025 amendment called for monthly proof of reserves and 24-hour customer withdrawals
- The new framework may rebalance oversight between the SEC and the CFTC
Reserves and withdrawals land on platforms. The SEC vs CFTC split shapes how a token like Ether gets regulated.
McHenry's counterweight: on November 9 he said an openly anti-crypto bill would likely fail in the incoming House, since bipartisan pro-crypto support is stronger than ever.
Ether is at $2,054, down 0.37% in 24 hours and 15.16% over 7 days, funding +0.007%, Fear & Greed 28.
What I'm watching on $ETH: the $2,036 low of today's range, and whether bill text shows up before January.
The market is already in fear today, and the rulebook that could reshape it is still only a draft.
#ETH #CryptoRegulation #MaxineWaters #MarketStructure