US Democrats Discuss Crypto Bill Expanding SEC Authority and Limiting CFTC Role
Current overview (not historical)
U.S. House Democrats are discussing a new cryptocurrency bill that would expand SEC oversight of crypto trading platforms while reducing CFTC’s role. The bill text has not been published. The draft draws partly on Representative Maxine Waters’ 2025 Investor and Consumer Rights Act. BeInCrypto reports it could limit Donald Trump and his family’s crypto businesses and require platforms to provide 24/7 customer service, insurance-style protection, withdrawals within 24 hours, and monthly audited reserve proofs. CryptoSlate says it would also add government ethics restrictions. In September, the CLARITY compromise failed in the Senate on a 49-50 procedural vote.
Written with AI from the reporting · updated 11/5/2026
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- 1Unclassified fact stationNov 5, 07:48report-time onlyrevised
众议院民主党讨论加密货币监管法案
Read original source ↗ BeInCryptoReplay this moment in the explorerEvidence & revisions · 2 source records
- Subject：
- House Democrats
- Action：
- 讨论
- Object：
- 赋予 SEC 更多交易平台监管权力的加密货币法案
- Occurred (fact side)：
- not recorded
- Published (valid side)：
- Nov 5, 07:00
- First seen (known side)：
- Nov 5, 07:48
- Published (valid side)：
- Nov 5, 19:10
- First seen (known side)：
- Nov 5, 19:25
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- CryptoSlateFact occurrence time unverifiedSource report revisedDemocrats reportedly seek greater SEC control over crypto after CLARITY Act collapse
Report first recorded Nov 5, 19:25
House Democrats are reportedly discussing a broader crypto market structure bill based on Rep. Maxine Waters' earlier proposals, seeking a larger SEC role, smaller CFTC role, and more ethics restrictions, though the bill text remains unpublished after the September CLARITY cloture vote failed 49-50.
Read original source ↗ - BeInCryptoFact occurrence time unverifiedDemocrats’ New Crypto Bill Could Turn the SEC Against the Industry and Target Trump
Report first recorded Nov 5, 07:48
Read original source ↗
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