【New Developments in U.S. Crypto Legislation】According to reports by Decrypt and Unchained on November 5–6, after the midterm elections, Democrats control Congress, and House Democrats are working to expand Rep. Waters’ Crypto Investor and Consumer Rights Act into a more comprehensive crypto market structure bill. The proposal would shift more authority over spot market regulation from the CFTC to the SEC, impose stricter rules on DeFi, and add consumer protections such as ethics restrictions on government officials holding crypto assets, withdrawals within 24 hours, and monthly reserve audits. Paradigm senior adviser Justin Slaughter said the CLARITY Act has no chance of passing during the lame-duck session. The bill’s text has not yet been published, and it would still need Trump’s signature to become law. $BTC