Democrats Reportedly Push CLARITY Act Rewrite to Expand SEC Powers

Benzinga · Khyathi Dalal · 2026-11-06 14:04 UTC

Democrats may revise the Clarity Act to expand SEC oversight, curb CFTC power and tighten crypto ethics rules, potentially delaying regulation.

Democrats are reportedly preparing major changes to the CLARITY Act following their midterm election victory.

Scott Melker warns that the proposed changes could reshape the regulatory outlook for Bitcoin (CRYPTO: BTC) and the broader crypto industry.

He pointed to the new language for crypto market structure legislation floated by Rep. Maxine Waters (D-CA).

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