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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Democrats Accuse SEC of Withholding Key Crypto Bill Info - Unchained
House Democrats have publicly accused the U.S. Securities and Exchange Commission of withholding crucial technical analysis and written feedback on the CLARITY Act, a major crypto market structure bill currently that is under consideration.
During a recent press briefing, Democratic party staff reportedly said SEC representatives had been unable to answer basic questions about the bill, and that they had cited privilege as a reason for withholding information, despite having shared details of the legislation with Republicans.
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Staffers described the call as “the worst technical assistance briefing” they had experienced, with SEC officials allegedly failing to read questions submitted in advance and lacking subject matter expertise.
The dispute comes amid broader partisan tensions over crypto regulation, with most Republicans and some pro-crypto Democrats supporting the CLARITY Act, but others, such as California Rep. Maxine Waters, opposing it due to concerns over regulatory gaps and President Donald Trump’s personal crypto interests.