From Decrypt · By Ryan S. Gladwin
In brief
House Democrats reportedly plan to expand Maxine Waters’ Crypto Investor Consumer Bill of Rights into a broader market structure bill that would give the SEC more oversight.
Stand With Crypto’s endorsed candidates won 27 races and lost 12 with six still live.
Analysts say the Clarity Act’s path has become tougher, but that it's not game over for the bill.
House Democrats are reportedly set to progress crypto legislation after sweeping the U.S. midterms.
There are plans to expand the Crypto Investor Consumer Bill of Rights—a Clarity Act amendment led by Dem. Maxine Waters—into a broader market structure bill, journalist Eleanor Terrett tweeted. The proposal would include giving the SEC more power to supervise the crypto markets and limiting the role of the CFTC, sources told Terrett.
🚨SCOOP: House Democrats are discussing plans to expand the Crypto Investor and Consumer Bill of Rights, @RepMaxineWaters’ amendment to the Clarity Act in 2025, into a broader crypto “market structure” bill next Congress.
The proposal would fold in Democratic Clarity Act…
— Eleanor Terrett (@EleanorTerrett) November 4, 2026
On the surface, the midterm election results could be seen as a major hit to crypto policy in the U.S., with President Trump's Republican administration widely regarded as the pro-crypto party, while the Democrats were deemed more hostile. However, experts, told Decrypt, the tide might be turning and crypto policy evolving into a more bipartisan issue.
Crypto candidates and the Clarity Act
Advocacy organization Stand With Crypto endorsed 45 candidates in the midterms, per its election tracker, with 27 pro-crypto candidate wins, 12 losses, and six races still live at the time of writing. Nearly half of the endorsed candidates were Democrats.
"We’re proud to see a majority of our endorsed candidates win their elections," Mason Lynaugh, executive director of Stand With Crypto, said in a statement shared with Decrypt. "To the candidates who won’t return to Washington, thank you for going to bat for crypto-owning Americans when it counted."
Congratulations to the pro-crypto champions who won their elections, including more than 50 pro-crypto new members heading to Congress.
In the closest races, our advocates showed up: in Florida's 9th District, Darren Soto won by 1,477 votes. In that same district, we mobilized… pic.twitter.com/lcq055GNET
— Stand With Crypto🛡️ (@standwithcrypto) November 4, 2026
James Butterfill, head of research at CoinShares, described Republican Bryan Steil as a "meaningful loss" for crypto. The Wisconsin Congressman was the chair of the House digital assets subcommittee and closely involved in efforts to advance the Clarity Act—which were stymied when it stalled in the Senate earlier this year.