House Democrats discuss new crypto market structure bill with expanded SEC oversight

The draft would also curb the CFTC's authority and propose ethics rules for officials' crypto dealings, according to Wu Blockchain.

By Akshat Mishra, YourKhabri DeskNov 4, 2026, 06:57 PM UTC1 min readcrypto regulationSECUS Congressmarket structure

Photo: Tyler Merbler from USA, CC BY 2.0, via Wikimedia Commons

Key takeaways

1Bill would expand SEC oversight of crypto markets
2Bill would limit CFTC’s role and add ethics restrictions on officials

On Friday, House Democrats said they are discussing a broader crypto market structure bill for the next Congress. This builds on Rep. Maxine Waters’ 2025 Crypto Investor and Consumer Bill of Rights amendment to the CLARITY Act.

Wu Blockchain reported that the draft would expand the SEC’s oversight of crypto markets and restrict the CFTC’s role. It also includes ethics restrictions on crypto activities by President Trump and other federal officials. Republican lawmakers dismissed the measure as a "messaging bill." The proposals incorporate previously rejected Democratic provisions and elements agreed by Senate Democrats and Republicans before the September cloture vote.

YourKhabri data shows Chainlink (LINK) trading at $11.51 with a market value of $8.8bn. The 2025 Waters amendment aimed to protect investors and standardise disclosures but stalled earlier. The new bill revives those aims.

If passed, expanded SEC jurisdiction could shift compliance burdens onto exchanges and token issuers. Limiting the CFTC may reshape derivatives oversight. Stakeholders will watch the bill’s wording and any SEC rule proposals that follow. The next step is committee consideration before a floor vote later in the session.

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Reported and edited by the YourKhabri desk under our editorial policy. Nothing here is investment advice.