House Democratic staffers allege that the SEC has denied them standard analysis on a crypto market structure bill known as the CLARITY Act, while providing this information to their Republican counterparts. This assistance is typically offered to both parties to help understand the implications of proposed legislation on the agency's operations. Democrats express concern that the bill could significantly reshape the SEC's regulatory role and create loopholes for traditional finance if crypto is exempted from oversight. An SEC spokesperson stated that technical assistance is provided to any Congressional member who seeks it, but did not address specific complaints from Democrats. In response to the lack of cooperation, Democratic Ranking Member Maxine Waters plans to request a written analysis of the bill from SEC Chair Paul Atkins before it undergoes committee markup. The urgency is heightened by the bill's potential to alter the regulatory landscape for digital assets and the upcoming committee vote scheduled for June 10. Democratic staffers warn that without necessary feedback, understanding the bill’s ramifications and identifying necessary amendments will be challenging.

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