Democratic lawmakers are pushing for conflict-of-interest guardrails in a crypto market structure bill to prevent elected officials from profiting from the industry. The Responsible Financial Innovation Act (RFIA) faces delays and debate over provisions addressing conflicts of interest and decentralized finance. Drafts show the bill could give more authority to the CFTC.

Senator Cynthia Lummis, a key supporter of the RFIA, announced she will not seek reelection in 2026 and will leave the Senate in 2027. Senate Banking Committee Chair Tim Scott plans to hold a markup on the RFIA, but no event was listed on the public calendar. The bill has faced delays and speculation about support from Democrats.

Read more at Cointelegraph: US Lawmakers Demand Ethics Safeguards for Market Structure Bill: Report