Authored by Micah Zimmerman via Bitcoin Magazine,
House Democrats are discussing a plan to turn Rep. Maxine Waters' Crypto Investor and Consumer Bill of Rights into their own crypto market structure bill next Congress, with ideas that include a bigger role for the SEC and a smaller one for the CFTC, Eleanor Terrett reported Wednesday.
🚨SCOOP: House Democrats are discussing plans to expand the Crypto Investor and Consumer Bill of Rights, @RepMaxineWaters' amendment to the Clarity Act in 2025, into a broader crypto "market structure" bill next Congress.
The proposal would fold in Democratic Clarity Act...— Eleanor Terrett (@EleanorTerrett) November 4, 2026
The proposal would fold in the Democratic Clarity Act provisions Waters offered in the House, which were not adopted, plus the provisions Senate Democrats were able to agree on with Republicans before September's failed cloture vote. Terrett cited three industry sources who have spoken with Democratic staffers.
Further ethics provisions restricting the crypto activities of President Donald Trump and other federal officials are also likely, she wrote. Republicans are calling it a "messaging bill."
No text for the crypto market structure bill has been released, and the details so far come from industry sources rather than from lawmakers.
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