{"id":30140,"date":"2025-06-04T10:01:44","date_gmt":"2025-06-04T10:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30140"},"modified":"2025-06-04T10:01:44","modified_gmt":"2025-06-04T10:01:44","slug":"house-democrats-say-sec-is-holding-back-crypto-bill-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30140","title":{"rendered":"House Democrats Say SEC Is Holding Back Crypto Bill Details"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">The crypto industry might finally get some long-overdue rules, but there\u2019s one problem. <\/span><span data-preserver-spaces=\"true\">House Democrats say the SEC is <\/span><span data-preserver-spaces=\"true\">ghosting them on the details<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> And it\u2019s not just frustrating, it could slow down one of the biggest crypto bills in years.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">What Is This Crypto Bill All About?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">It\u2019s called the Digital Asset Market Structure Bill, better known as the <a class=\"general-link\" href=\"https:\/\/financialservices.house.gov\/uploadedfiles\/2025-05-29_-_sbs_-_clarity_act_of_2025_-_final.pdf\" target=\"_blank\" rel=\"nofollow noopener nofollow\">CLARITY Act<\/a>. The goal? To figure out who regulates what. <\/span><span data-preserver-spaces=\"true\">Right now<\/span><span data-preserver-spaces=\"true\">, the <\/span><span data-preserver-spaces=\"true\">crypto<\/span><span data-preserver-spaces=\"true\"> space is <\/span><span data-preserver-spaces=\"true\">a mess<\/span><span data-preserver-spaces=\"true\">.<\/span> <span data-preserver-spaces=\"true\">One agency <\/span><span data-preserver-spaces=\"true\">says<\/span><span data-preserver-spaces=\"true\"> a token is a security, another <\/span><span data-preserver-spaces=\"true\">says<\/span><span data-preserver-spaces=\"true\"> it\u2019s a commodity, <\/span><span data-preserver-spaces=\"true\">and<\/span><span data-preserver-spaces=\"true\"> investors <\/span><span data-preserver-spaces=\"true\">are left playing<\/span><span data-preserver-spaces=\"true\"> a guessing game.<\/span><span data-preserver-spaces=\"true\"> The bill aims to divide the job between the SEC and the Commodity Futures Trading Commission (CFTC).<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">U.S. Democrats claim SEC shared crypto bill analysis with Republicans but not with them<\/p>\n<p>Democratic staff in the U.S. House claim the Securities and Exchange Commission (SEC) provided Republicans\u2014but not Democrats\u2014with a standard technical analysis of the newly introduced crypto\u2026<\/p>\n<p>\u2014 CoinNess Global (@CoinnessGL) <a href=\"https:\/\/twitter.com\/CoinnessGL\/status\/1930065960909803984?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 4, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Under the proposal, the SEC would handle centralized crypto assets, while the CFTC would oversee decentralized ones, such as<\/span><span data-preserver-spaces=\"true\">\u00a0Bitcoin and Ethereum.<\/span><span data-preserver-spaces=\"true\"> It\u2019s basically an attempt to bring some structure to the chaos.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h3><span data-preserver-spaces=\"true\">Why Are Democrats Upset?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Because they\u2019re not getting the info they need, democratic<\/span><span data-preserver-spaces=\"true\">\u00a0staffers from the House Financial Services Committee say the SEC <\/span><span data-preserver-spaces=\"true\">gave<\/span><span data-preserver-spaces=\"true\"> Republicans a detailed breakdown of how the bill would <\/span><span data-preserver-spaces=\"true\">affect<\/span><span data-preserver-spaces=\"true\"> the market.<\/span> <span data-preserver-spaces=\"true\">But<\/span><span data-preserver-spaces=\"true\"> when Democrats <\/span><span data-preserver-spaces=\"true\">asked for<\/span><span data-preserver-spaces=\"true\"> the same thing, they <\/span><span data-preserver-spaces=\"true\">got<\/span><span data-preserver-spaces=\"true\"> nothing.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to committee insiders, the SEC had prepared a full technical analysis but chose not to share it with Democrats. That means lawmakers on one side of the aisle are flying blind while the other side might have a clearer view of how this bill plays out in the real world.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top 20 Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h3><span data-preserver-spaces=\"true\">SEC Says Everyone\u2019s Welcome to Ask<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">The SEC\u2019s response? They say anyone can ask for help. A spokesperson told the press that they\u2019re always open to providing technical support to lawmakers. But they didn\u2019t say whether they\u2019d give Democrats the same report Republicans received. That\u2019s the part that\u2019s rubbing people the wrong way.<\/span><\/p>\n<p><strong><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_684018358b6de\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_684018358b6de-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_684018358b6de-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_684018358b6de-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_684018358b6de-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_684018358b6de-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_684018358b6de-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_684018358b6de-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_684018358b6de-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_684018358b6de-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_684018358b6de-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_684018358b6de-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_684018358b6de-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">Representative Maxine Waters, the top Democrat on the committee, wants answers. <\/span><span data-preserver-spaces=\"true\">She\u2019s<\/span><span data-preserver-spaces=\"true\"> sent a letter to SEC Chair Gary Gensler <\/span><span data-preserver-spaces=\"true\">asking for<\/span><span data-preserver-spaces=\"true\"> a <\/span><span data-preserver-spaces=\"true\">full<\/span><span data-preserver-spaces=\"true\"> report on <\/span><span data-preserver-spaces=\"true\">what<\/span><span data-preserver-spaces=\"true\"> the bill <\/span><span data-preserver-spaces=\"true\">means<\/span><span data-preserver-spaces=\"true\"> for markets, <\/span><span data-preserver-spaces=\"true\">for<\/span><span data-preserver-spaces=\"true\"> investors, and <\/span><span data-preserver-spaces=\"true\">the SEC\u2019s authority.<\/span><span data-preserver-spaces=\"true\"> So far, there\u2019s been no public response.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">What Happens Next?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">The bill is heading for a markup session on June 12, which means lawmakers will start debating the fine print. It has strong support from Republicans and a few crypto-friendly Democrats, but this rift over missing information could complicate things.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Some Democrats are worried that without the full picture, they could <\/span><span data-preserver-spaces=\"true\">accidentally<\/span><span data-preserver-spaces=\"true\"> pass something that weakens existing securities laws or gives big finance firms an easy way to <\/span><span data-preserver-spaces=\"true\">dodge<\/span><span data-preserver-spaces=\"true\"> oversight by <\/span><span data-preserver-spaces=\"true\">calling<\/span><span data-preserver-spaces=\"true\"> themselves \u201cblockchain-based.\u201d<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">Bottom Line<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">This isn\u2019t just about politics. <\/span><span data-preserver-spaces=\"true\">It\u2019s about <\/span><span data-preserver-spaces=\"true\">making sure<\/span><span data-preserver-spaces=\"true\"> the people writing the rules actually <\/span><span data-preserver-spaces=\"true\">know what<\/span><span data-preserver-spaces=\"true\"> those rules <\/span><span data-preserver-spaces=\"true\">will do<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> If one side of Congress gets the data and the other side doesn\u2019t, that\u2019s not a level playing field. For a bill that could reshape how crypto is regulated in the U.S., that\u2019s a pretty big deal.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The CLARITY Act is a major crypto bill aiming to split oversight between the SEC and CFTC.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        House Democrats accuse the SEC of withholding a detailed analysis they shared with Republicans.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The SEC claims any lawmaker can request support, but hasn\u2019t confirmed equal access to the report.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Maxine Waters has demanded transparency from the SEC ahead of the bill\u2019s June 12 markup session.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        This internal split could delay or reshape how crypto regulation unfolds across centralized and decentralized assets.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/legal\/house-democrats-say-sec-is-holding-back-crypto-bill-details\/\">House Democrats Say SEC Is Holding Back Crypto Bill Details<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The crypto industry might finally get some long-overdue rules, but there\u2019s one problem. House Democrats say the SEC is ghosting them on the details. And it\u2019s not just frustrating, it could slow down one of the biggest crypto bills in years. What Is This Crypto Bill All About? It\u2019s called the Digital Asset Market Structure [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30140","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30140"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30140\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}