US Democrats eye fresh crypto market rules after midterm gains

With majorities in both chambers secured in the midterms, Democrats are mapping out a broad crypto-market bill for the next Congress. The idea is to merge investor-protection measures with elements previously negotiated with Republicans before talks stalled.

Reporter Eleanor Terrett noted the effort draws on Maxine Waters’ 2025 proposal. The draft could give the SEC wider oversight while trimming the CFTC’s role and revive ethics provisions dropped from the earlier CLARITY bill.

Any new legislation would be introduced after the Congress convenes on 3 January 2027. Without 60 Senate votes to break a filibuster, the measure would expire. At the same time, the Trump administration is preparing tighter ethics standards for crypto activity.

Hunter Biden told CoinDesk the ethics clause was the main reason the previous bill failed, arguing its absence cost the sector clearer oversight.

Based on information from cryptonews.net