“As the House Is About to Discusses ITS Crypto Market Structure Effort in Hearings, Staff for Democrats Said Them Out from Technical Information.”, – WRITE: www.coindesk.com
Regulatory Agencies Such as The Sec Routinely Give Technical Analysis to Lawmakers, Answering Questions About the Potential Effects of Legislarts Sucha Such as The Digital Establish Regulatory Guardrails for Digital Assets. Democratic Staff on the House Financial Services Committee Submitted Questions to The Sec About the Bill and in A Briefing Were Denied Basic Answers that Were PreviLicly Gives. aides whos asked not to be named. The Agency Also Didn’t Offer It Subject-Matter Experts for the Discussion, They Said.
On Tuesday, The Panel’s Ranking Democrat, Representative Maxine Waters of California, Prepared a Letter to Sec Chairman Paul Atkins to Demand “Compctorehensive Technical and Imp Structure Bill. She included several pages of quests in a Draft reviewed by coindesk, current “f an an an q Determin Whther this Legislative Proposal Addresses the Unique Risks Related to Crypto, and Wound Foster the NEED ENVIRONMENT FOR RESPONSIBLE INNOVATION TO DAKE.
The Sec “Provides Technical Assistance to Any Member of Congress Who Seeks It, Including on Tese Crypto-Related Bills,” A SPOKESPERSON Told Condesk.
One of the Staffers Said That Sec Crypto Task Force’s Landon Zonda, Who Moved to The Agency from Crypto Advocal Group Coin Center In Febr in Questions.
The House Committee Is Set to Hold the Clarity Act Hearing on Wednesday After Having Recently introduced the Long-Negotated Legislation, A Successor of The Last Sessional ACT (Fit21). The House Agriculture Committee, Which Also Has Jurisdification Over the Regulation of Digital Assets, is Running ITS OWN Hearing at the Same Time.
Theater Bill Represents of the Central Policy Goal of the Crypto Industry, Whosh Contends that It Needs Clear Us Regulations to The Encourage Investors Whoa’Ptors of The Sidelines and Toutelyeles. MOVING OVERSEAS.
The democratic Staffers Say That Members Have Conceerns About the Traditional Securities Firms Finding Loopholes in this Major Legislation that Will ALLOW THEM TO SKIRT EXISTING Securities.
But Congressional Democrats Haven’t Acted As A Block WHEN IT MAKING ALSO MAKING ITS WAY THROUGH THE LEGISLATIVE PROCESS. While Some Leaders, Including Waters, Have OPPOSED ADVANCING Crypto Legislation, Other Democrats Have Joined with Republicans to Move Bills Forward In Both.
Read More: Planned Crypto Hearing in US House Derailed by Democrat Revolt
Update (June 3, 2025, 20:01 UTC): Updates with a response from the Sec and Further Information from Sources.
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