Democrats reportedly seek greater SEC control over crypto after CLARITY Act collapse

House Democrats are reportedly discussing a broader cryptocurrency market-structure bill that would be built partly on earlier investor-rights proposals from Rep. Maxine Waters. Eleanor Terrett reported in a Nov. 4 post that the proposals call for a larger role for the Securities and Exchange Commission, a smaller role for the Commodity Futures Trading Commission, and additional government ethics restrictions. The report cited industry sources who spoke with Democratic staff.