FORBES · 2026-11-11 10:46 UTC

Tougher Crypto Rules Are Coming, And Wall Street May Welcome Them

House Democrats are reportedly preparing a crypto market structure bill that would give the SEC a bigger role than the Clarity Act did, drawing on an amendment Rep. Maxine Waters offered in July 2025. The amendment calls for monthly cryptographically verifiable proof of reserves with accountant attestation, bankruptcy-remote customer accounts, a ban on affiliated firms trading against customers, and round-the-clock human customer service. Industry executives say banks care more about predictable rules than strict ones, and the Clarity Act's Senate advancement vote failed on September 15.

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