House Democrats Weigh New Crypto Bill (CLARITY Act) With Expanded SEC Oversight

The proposal could revive Waters’ protections, including customer fund segregation, 24-hour withdrawals and monthly proof-of-reserves reports. Democrats are considering a larger SEC role and more limited CFTC authority, reversing the House-passed CLARITY Act’s approach. The bill remains under discussion for the next Congress in January 2027, with no finalized draft, agreement or legislative timetable. House Democrats are discussing a broader crypto market structure bill that could expand SEC oversight and revive rejected investor protections. The proposal would build on Maxine Waters’ 2025 Crypto Investor and Consumer Bill of Rights amendment.

Source: Crypto Front News