House Democrats to expand crypto bill, aim for more SEC oversight after midterms

House Democrats are preparing to expand Congresswoman Maxine Waters’ Crypto Investor Consumer Bill of Rights into a broader market structure bill, seeking to strengthen the Securities and Exchange Commission’s role in regulating the crypto sector. The proposed legislation would limit the Commodity Futures Trading Commission’s involvement, according to sources close to the matter. Following the U.S. midterm elections, the makeup of Congress is shifting crypto legislative priorities. Although President Donald Trump’s administration is widely viewed as more receptive to digital assets, recent outcomes suggest a changing landscape. Industry observers suggest crypto issues may now attract bipartisan attention in Congress.

Also reported by Crypto Front News.

Source: CoinTurk News