U.S. House Democrats prepare crypto bill to expand SEC oversight

U.S. House Democrats are preparing a new crypto market structure bill that would expand the U.S. SEC’s oversight authority, Crypto Briefing reported. Democrats plan to pursue the bill in the 120th Congress, which is set to begin in January 2027. The bill is being drafted based on amendments to the "Crypto Investor and Consumer Bill of Rights" proposed by Democratic Rep. Maxine Waters in 2025, according to Crypto Briefing. It is expected to broaden the SEC’s authority over the crypto market and intermediaries while reducing the role of the U.S. CFTC. Lawmakers are also reviewing measures to strengthen customer protections for user fund withdrawals and security incidents at trading platforms.