House Democrats reportedly plan to expand Maxine Waters’ Crypto Investor Consumer Bill of Rights into broader crypto market structure legislation. The proposal would give the Securities and Exchange Commission more oversight of crypto markets while limiting the role of the Commodity Futures Trading Commission. Stand With Crypto, which endorsed 45 candidates in the midterms, recorded 27 wins, 12 losses and six races still unresolved at the time of publication. Analysts said the Clarity Act faces a tougher path to passage, but the outcome is not a foregone conclusion. After the elections, bitcoin traded around $76,820, down 4.1% on the day.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
