House Democrats Claim SEC Is Denying Them Key Info on Crypto Bill

In brief

  • Democratic House staffers said Tuesday they are being denied standard analysis of a crypto market structure bill by the SEC.
  • The SEC gave this crucial analysis to Republicans, but refused to hand it over to Democrats, they say.
  • Democrats are growing concerned the bill, dubbed the CLARITY Act, could have major ramifications beyond crypto.

House Democrat staffers unloaded on the SEC Tuesday, accusing the agency of playing politics and defying precedent by denying them crucial information about the potential impact of a newly introduced crypto market structure bill. 

The SEC routinely provides technical assistance, dubbed “TA,” to lawmakers when pending legislation could impact the agency’s functioning. This analysis,…

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