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

Description

House Democrats have accused the SEC of withholding critical analysis of the CLARITY Act, a major crypto market structure bill, while allegedly providing it to Republicans. The dispute raises concerns about politicization at the SEC and the bill's potential to reshape securities regulation, prompting Democrats to demand equal access to technical input before the legislation advances.

Authors

Sander Lutz

Publish date

June 4, 2025

Publisher

Decrypt

Web URL

https://decrypt.co/323521/house-democrats-claim-sec-denying-key-info-crypto-bill

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Democrats are particularly concerned about the perceived lack of cooperation from the SEC, given the massive impact the CLARITY Act would have in reshaping the agency’s role in regulating financial markets, and the speed with which Republicans are aiming to push the bill through the House.

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Democratic staffers on the House Financial Services Committee claim that in recent weeks, the SEC has deprived them of such written analysis pertaining to a new crypto-focused bill—while, in private, providing it to Republicans.

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“Given the significant implications this bill would have on the regulatory landscape for digital assets, investor protection, capital formation, market competition, and the SEC’s ongoing regulatory efforts, a current and thorough analysis from the Commission is needed for informed policymaking,” an unpublished copy of the letter seen by Decrypt reads.

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