Crypto market structure bill could sharply expand U.S. financial surveillance.

Alex Thorn, head of research at Galaxy Digital, said the scope of the proposed changes could mark the largest expansion of financial oversight in 25 years.

The bill would grant the U.S. Treasury authority to:

suspend crypto transactions without a court order.

expand “special measures” oversight of digital assets.

regulate DeFi frontends as part of the financial infrastructure.

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