Crypto market structure bill talks put SEC role back in focus

House Democrats have begun discussing a crypto market structure bill for the next Congress that would give the Securities and Exchange Commission more oversight and revive investor protections proposed by Representative Maxine Waters. Summary Democrats are discussing a market structure proposal built around Waters’ rejected 2025 investor protection amendment. SEC supervision and a more limited CFTC role are among the ideas under discussion. Ethics provisions could restrict crypto activities involving President Donald Trump and other federal officials. Waters’ earlier proposal included withdrawal deadlines, custody safeguards and monthly proof-of-reserves reporting. Eleanor Terrett reported that the discussions involve expanding Waters’ Crypto Investor and Consumer Bill of Rights amendment into a market structure proposal. Her account cited three industry sources who had spoken with Democratic staffers. 🚨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 Terr...