The US Consumer Financial Protection Bureau (CFPB) proposed a rule to extend consumer protections to crypto accounts, aligning them with traditional bank accounts under the Electronic Fund Transfer Act (EFTA). The rule would require crypto service providers to compensate users for theft or fraud, disclose consumer rights, and provide regular statements. Critics argue the rule’s broad definitions and lack of stakeholder consultation create uncertainty, particularly for non-custodial wallets. Legal experts question its practicality, while some view it as regulatory overreach. Public comments are open until March 31, with the CFPB to decide on implementation afterward.