Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

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 and the broader crypto industry.

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

Don’t Miss:

Journalist Eleanor Terrett highlighted that the changes would expand Waters’ Crypto Investor and Consumer Bill of Rights.

The proposal could increase SEC oversight, limit the CFTC’s authority and impose stricter…