PANews June 4 news, according to The Block, the U.S. Securities and Exchange Commission (SEC) has faced severe criticism from House Democratic staff for its poor performance in the technical briefing on the cryptocurrency market structure bill (CLARITY Act). The briefing was described as 'the worst technical support meeting,' with SEC representatives accused of being unable to answer basic questions and even suggesting that some information was 'privileged content.' Democratic aides claimed that the SEC provided written technical support to Republicans but refused to treat Democrats the same way, raising questions about its political bias. Furthermore, the briefing personnel sent by the SEC did not include experts familiar with the legislative content but came from the legal advisory office and the newly established crypto working group, leading to concerns about procedural impropriety. The House Financial Services Committee is currently preparing to hold hearings on the CLARITY Act, which aims to clarify the regulatory division of labor between the SEC and the Commodity Futures Trading Commission (CFTC) regarding digital assets and establish customer fund segregation requirements. Democratic leader Maxine Waters has requested that the SEC chairman submit a relevant response by June 6.