CryptoMedium•5 November 2026•
1 min read
US Democrats Draft Bill to Expand SEC Powers Over Crypto
Key Facts
1Democrats in the U.S. House of Representatives are discussing a new bill to regulate the cryptocurrency market and expand the SEC's authority.
2The proposed legislation may include restrictions on cryptocurrency activities by Donald Trump and his family to prevent conflicts of interest.
Democrats in the U.S. House of Representatives are discussing a new bill to regulate the cryptocurrency market and expand the authority of the Securities and Exchange Commission (SEC). Fixygen reported that the proposed legislation may include restrictions on the cryptocurrency activities of Donald Trump and his family to prevent conflicts of interest following the party's midterm election sweep.
The initiative seeks to establish a stricter regulatory framework for digital assets, potentially limiting the role of the Commodity Futures Trading Commission (CFTC). These legislative moves aim to impose additional ethics requirements on federal officials, though the path forward may face potential gridlock.