The Democratic staffers say that members have concerns about the traditional securities firms finding loopholes in this major legislation that will allow them to skirt existing securities regulations.
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Dems Say They're Blocked From Info on Verge of Crypto Market Structure Bill Hearings
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House Democrats expressed concern over the SEC’s lack of cooperation on CLARITY ACT amid the rapid Republican push for the bill, warning on the the bill’s sweeping impact on the agency’s regulatory role and possibility of potential loopholes allowing traditional securities firms to evade existing regulations by adopting blockchain-based structures
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