Eleanor Terrett reported Wednesday that House Democrats are discussing a cryptocurrency market structure bill for the next Congress that could give the SEC greater authority. Terrett cited three industry figures who had spoken with Democratic staffers. The proposal would build on Representative Maxine Waters’ Crypto Investor and Consumer Rights Act and provisions being negotiated in the Senate. The bill’s text has not yet been released, and Republicans have called the proposal a “messaging bill.” Democrats swept Congress on Tuesday, but the Democratic cryptocurrency market structure bill would still need to be signed by President Donald Trump to become law.