A post by @WatcherGuru on X.

House Democrats are weighing a new crypto bill that would expand the SEC's authority over the digital asset industry. The proposal signals a renewed push to clarify how existing securities laws apply to tokens, exchanges and other market participants. It matters because the SEC's current approach to crypto oversight has been shaped largely by enforcement actions rather than legislation, leaving market structure rules unresolved. Watch for the bill's text and committee path, and whether it draws Republican support or clashes with the House's earlier market-structure efforts.