New Crypto Bill Seeks to Redefine Oversight and Expand Retail Access
U.S. lawmakers are pushing forward with a fresh attempt to bring clarity to crypto regulation, introducing a new legislative draft that could redefine how digital assets are governed.
The proposal, crafted by the House Financial Services and Agriculture Committees, outlines a blueprint to divide oversight between the SEC and CFTC while opening crypto markets to a broader range of participants.
Under the draft, the SEC would continue handling assets tied to profit rights—like investment contracts—while the CFTC would take charge of digital commodities and spot markets. This division is meant to resolve long-standing disputes over jurisdiction, with a tilt toward expanding the CFTC’s role until a project can prove it is truly decentralized.
The bill also offers a more specific framework for assessing decentralization and network maturity. If a token’s ecosystem operates independently of a controlling entity and meets transparency and utility benchmarks, it could shift regulatory oversight. Large token holders, meanwhile, would need to disclose their positions during the early, centralized phases of a project.
Retail access gets a boost in the proposal as well. Wealth tests and suitability standards, often seen as barriers, are set to be removed—paving the way for everyday investors to participate in early-stage crypto offerings. The bill also allows decentralized protocols to bypass certain regulatory hurdles, provided they don’t custody user funds or act as intermediaries.
On the exchange side, a clearer registration path with the CFTC is proposed, along with an optional early filing system for token issuers. While stablecoins are defined in the draft, they’re not classified as securities—though a separate Senate effort to regulate them has hit resistance, especially after concerns about Tether were raised by Senate Majority Leader Chuck Schumer.
Tax reform has also entered the conversation. Industry voices are calling for a de minimis exemption to eliminate capital gains tax on small crypto payments, a change that would treat digital currencies more like cash in everyday use. That push is gaining support as lawmakers prepare for upcoming discussions on broader digital asset regulation.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
