Maxine Waters, Democratic Representative, is preparing a letter to SEC in response to the agency’s alleged failure to share analysis and answer questions on the crypto market structure bill, the CLARITY Act, requesting analysis to be provided to both parties as it is needed for informed policymaking, due to the bill’s substantial implications for digital asset regulation and investor protection

Event date

June 3, 2025

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In part because of these events, House Financial Services Committee Ranking Member Maxine Waters (D-CA) plans to send a letter SEC Chair Paul Atkins, requesting he send both parties written analysis of the CLARITY Act’s potential impact—as former SEC chair Gary Gensler did when a previous iteration of the bill, dubbed FIT21, was considered by the House last year.

On Tuesday, the panel's ranking Democrat, Representative Maxine Waters of California, prepared a letter to SEC Chairman Paul Atkins to demand "comprehensive technical and impact analysis" of the crypto market structure bill. She included several pages of questions in a draft reviewed by CoinDesk, contending that "fulsome answers to the questions raised above are necessary for the American people, through their representatives in Congress, to determine whether this legislative proposal addresses the unique risks related to crypto, and would foster the needed environment for responsible innovation to take root."

“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regulatory efforts, a current and thorough analysis from the Commission is needed for informed policymaking,” an unpublished copy of the letter seen by Decrypt reads.

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Week 23 of 2025