Democrats Claim Obstruction in SEC Information Access Ahead of Crypto Market Structure Bill Hearings

Democratic lawmakers allege they’ve been denied critical technical analysis from the U.S. Securities and Exchange Commission regarding the impending Digital Asset Market Clarity Act. The bill, which aims to establish regulatory frameworks for cryptocurrency markets, is set for House Financial Services Committee scrutiny.

Representative Maxine Waters (D-CA) has prepared a formal demand to SEC Chairman Paul Atkins for comprehensive impact analysis. The draft letter, obtained by CoinDesk, includes detailed questions about the legislation’s capacity to address unique risks in digital asset markets. Waters contends such analysis is essential for congressional decision-making.

The SEC’s alleged refusal to provide subject-matter experts or answer Democratic inquiries stands in contrast to its reported cooperation with Republican committee members. This partisan divide emerges as regulators globally grapple with balancing crypto innovation and investor protection.