House Democrats Weigh Broader Crypto Bill With Expanded SEC Authority

House Democrats are discussing a broader crypto market structure bill that would expand SEC authority, cut CFTC oversight and add ethics restrictions, industry sources said Nov 4. The draft is unpublished, so scope, deadlines and enforcement terms remain unknown. It follows a September CLARITY procedural vote that failed 49-50 and a July Waters amendment that stalled 8-4 in the House Rules Committee.