Maxine Waters

Digital asset legislation could face a harder path if Democrats gain control of key congressional committees in the next session. Several likely committee leaders have criticized crypto bills, raising the risk of delays, investigations, and narrower regulatory proposals.

House Financial Services Democrat Maxine Waters is urging the U.S. Department of Labor to withdraw its proposal to expand 401(k) plans into alternative assets, including crypto. The move adds fresh political pressure to a Trump-backed retirement investment overhaul.