A House Democrats staffer warned that without SEC feedback on crypto market structure bill, the CLARITY Act, “it is impossible” to fully grasp the bill’s effects, identify its loopholes, or make necessary improvements, suggesting that even pro-crypto Democrats may withdraw support without transparent agency input

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June 3, 2025

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While Democrats like Waters are unlikely to support the bill due to President Donald Trump’s continued involvement in personal crypto ventures from the White House, Democratic staffers say new issues with the SEC’s cooperation could potentially impact the support of the bill even among their pro-crypto colleagues. “It is impossible for them to understand what this bill does, the loopholes that it has, where it needs to be fixed, and how it needs to be made stronger, without this feedback from the agencies,” one Democratic staffer said. “And we are being denied that feedback.”

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Week 23 of 2025