A new crypto bill, the CLARITY Act, is causing friction in the U.S. House of Representatives, with Democrats accusing the Securities and Exchange Commission (SEC) of favoring Republicans by withholding key analysis. The legislation, which could redefine crypto regulations in the U.S., is set for committee review on June 10.
🔍 SEC’s Neutrality Questioned
Normally, the SEC provides “technical assistance” — nonpartisan expert input — to help lawmakers understand how legislation affects markets and regulation. However, Democratic aides claim that while Republicans received a detailed SEC report on the CLARITY Act, their own requests were denied due to "confidentiality."
“This breaks precedent,” said a Democratic aide. “TA is supposed to be shared equally — this feels politically motivated.”
⚖️ What’s at Stake with the CLARITY Act?
Democrats are concerned the bill may reduce SEC oversight, creating loopholes for traditional financial firms entering blockchain. During a recent briefing, aides said the SEC gave vague or incomplete responses, furthering concerns about a lack of transparency.
📩 Rep. Maxine Waters Demands Equal Access
Representative Maxine Waters plans to formally request the SEC share its analysis with both parties. She warns that without balanced input, lawmakers are making decisions blind — on issues affecting investor protection, digital asset rules, and market fairness.
🔧 Tech Loopholes & Regulatory Risks
Critics say the bill could introduce long-term gaps in regulation due to rapidly evolving blockchain systems. “Rules must adapt to technology — not be outpaced by it,” one aide warned.
🇺🇸 Politics and Crypto Collide
Some Democrats cite Donald Trump’s involvement in crypto projects as another reason for skepticism, fearing political influence over regulation. Others are more focused on the SEC’s silence, which could alienate even pro-crypto Democrats.
“We can’t fix what we don’t fully understand,” one congressional staffer concluded.#MyCOSTrade #CUDISBinanceTGE #TrumpTariffs #SaylorBTCPurchase #TrumpMediaBitcoinTreasury