On May 5, 2025, four House Republicans introduced a bill aimed at changing the existing regulatory framework for digital assets. The new draft seeks to simplify retail access and rethink oversight functions.
House Republicans Propose Overhaul in Crypto Oversight
The bill was introduced by Representatives French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson. It aims to create a comprehensive framework for digital assets in the U.S. The legislation proposes a redefinition of oversight roles for regulatory bodies and modifies existing retail access standards.
Broader Retail Access Eyed in New Legislation
The draft could lead to major changes in the crypto market, including broader retail involvement and clearer regulations. Jim Slaughter, an expert in regulatory affairs, commented that this bill may increase the role of the CFTC.
Link to Past Legislative Efforts and Predictions
This draft builds on previous efforts, such as the Financial Innovation and Technology Act. In March, a Senate resolution aimed to repeal DeFi tax measures. Analysts predict that current legislative efforts could gain bipartisan support given the 60-vote requirement in the Senate.
The proposed legislation could significantly influence financial institutions, businesses, and individual investors by altering oversight structures and encouraging increased investment in the crypto sector.
