US House Democrats discuss expanding SEC's role in next virtual asset law
Original headline미 하원 민주당, 차기 가상자산법에 SEC 역할 확대 논의
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House Democrats are discussing a market-structure bill for the next congressional session that would expand the SEC's oversight role and curb the CFTC's authority over crypto, according to Fox Business reporter Eleanor Terrett, who cited three industry sources briefed by Democratic staff. Lawmakers are also weighing ethics provisions that would restrict federal officials, including President Donald Trump, from participating in crypto businesses. The talks center on broadening Rep. Maxine Waters' 2025 consumer-protection amendment into a wider market-structure framework. The debate matters because it signals a partisan fight over which regulator governs digital assets, with Democrats favoring the SEC over the CFTC approach advanced by Republicans. What to watch next is whether the expanded SEC role and ethics language survive into a formal bill and how industry and Republican lawmakers respond.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Maxine Waters, SEC, CFTC, Donald Trump, Eleanor Terrett