The Democratic Party of the United States accuses the SEC of refusing to provide key information on the encryption bill.

On June 4, Decrypt reported that the Democratic staff of the U.S. House of Representatives on Tuesday accused the SEC (Securities and Exchange Commission) of refusing to provide it with a key technical analysis of the CLARITY Act crypto bill in a political operation, while at the same time providing relevant information to the Republican Party. The bill will create a regulatory framework for the U.S. crypto industry and rewrite parts of securities laws. Democrats are concerned that the bill could extend beyond the crypto space, have a significant impact on traditional securities markets, and could create technology-based regulatory loopholes. Maxine Waters, a ranking member of the House Financial Services Committee, plans to send a letter to SEC Chair Paul Atkins asking for a bipartisan written analysis. The bill will be flagged in the committee on June 10, and the SEC's non-cooperative attitude could affect the support of some pro-crypto Democratic lawmakers for the bill.