Golden Finance reported that Maxine Waters (D-Calif.), chair of the U.S. House Financial Services Committee, has made recommendations to regulators in an attempt to ensure the passage of a cryptocurrency-focused bill that would provide a path for U.S. digital asset exchanges to register with the Securities and Exchange Commission (SEC). A letter to SEC Chairman Gary Gensler on June 23 asked him to explain how the digital asset market structure proposal would affect the SEC’s “existing powers,” including its “mission and ability to protect investors and maintain fair, orderly, and efficient markets.” A similar letter to Treasury Secretary Janet Yellen asked her to explain what impact the bill would have on the Treasury Department and its mission to promote economic prosperity and ensure financial stability in the United States, and how it would address or conflict with any policy recommendations made by the Treasury Department or the Financial Stability Oversight Council in its various digital asset reports.