House Democrats Eye Their Own Crypto Market Structure Bill With a Bigger SEC Role After Sweep

Dextape brief

By Dextape Desk · November 4, 2026

House Democrats are reportedly weighing a separate crypto market structure bill for next Congress, built on Rep. Maxine Waters' investor protection package. Eleanor Terrett reported Wednesday, citing three industry sources, that the plan would expand the SEC's role and shrink the CFTC's. It would also absorb Clarity Act provisions that were not adopted, plus terms Senate Democrats reached with Republicans before a failed September vote. Further ethics limits covering Trump and other federal officials are likely. Republicans call it a messaging effort, and no text has been released. Talks follow Tuesday's sweep, which Bloomberg Law says hands Democrats leverage on the Clarity Act before it expires Jan. 3.

Why it matters: The plan would shift supervision from the CFTC toward the SEC, reversing the design the industry backed, so the outcome could shape rules for crypto firms.

Summary by Dextape, based on reporting by Bitcoin Magazine. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.