In a significant move, House Republicans have released a draft bill aimed at regulating the U.S. crypto industry, establishing a federal framework for digital assets. The proposed legislation clarifies that digital commodities are not considered securities, a development that could significantly impact crypto trading. Meanwhile, Representative Maxine Waters has vowed to block a related hearing, citing concerns over Trump’s involvement in crypto dealings. This controversy has led to uncertainty among lawmakers regarding the implications of crypto reforms on the broader financial system. As discussions continue, major players in the crypto market are set to testify on the potential impact of the legislation during upcoming committee meetings.