House Democrats are preparing revisions to the CLARITY Act that would give the Securities and Exchange Commission greater authority over cryptocurrency markets while reducing the role of the Commodity Futures Trading Commission. Representative Maxine Waters is expected to lead the effort when she takes over the House Financial Services Committee in January. The proposed changes would incorporate provisions from her Crypto Investor and Consumer Bill of Rights and add stricter ethics requirements for government officials.
The original CLARITY Act failed a Senate vote in September 2026, falling short of the 60 votes needed. Any revised Democratic version would still require Senate approval and faces potential White House resistance. Industry observers warn the regulatory shift could impact Bitcoin and the broader crypto sector.
Read the full story on BSC News: House Democrats Weigh CLARITY Act Rewrite to Expand SEC Oversight of Crypto Markets
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