House Democrats are considering turning Rep. Maxine Waters’ Crypto Investor and Consumer Bill of Rights into their own crypto market structure bill in the next Congress. The proposal could give the SEC a larger role, reduce the CFTC’s role, incorporate provisions from the Clarity Act and add ethics rules targeting Donald Trump’s crypto activities and those of other federal officials. No text has been released, and the details so far come mainly from industry sources. Following Tuesday’s Democratic sweep, the party has greater leverage over the debate but will need Republican support to secure passage and Trump’s signature.
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