House Democrats plan to introduce a broader crypto market structure bill expanding SEC oversight and limiting CFTC authority, building on Rep. Waters' Crypto Investor and Consumer Bill of Rights amendment.
Regulation & Gov ·
House Democrats are planning to incorporate cryptocurrency investor protections into a broader 2025 market structure bill that would expand the Securities and Exchange Commission's supervisory authority over the Commodity Futures Trading Commission, according to reporting. The proposed legislation would build on Rep. Maxine Waters' existing Crypto Investor and Consumer Bill of Rights framework, extending it beyond investor safeguards to address market structure more comprehensively.
The bill would introduce federal ethics restrictions governing cryptocurrency activities by federal officials, creating new guardrails around conflicts of interest in the regulatory space. The SEC's expanded role would give it greater oversight capacity relative to the CFTC's existing jurisdiction, potentially reshaping how crypto assets and derivatives are supervised at the federal level.
It remains unclear whether the proposal will gain bipartisan support in the new Congress, what specific supervisory powers the SEC would gain, or how the ethics restrictions would be enforced. The timeline for introducing the legislation and the scope of assets covered under the expanded market structure framework have not been detailed.