BlockBeats News, June 4th, according to Decrypt's report, Democratic staffers in the U.S. House of Representatives harshly criticized the U.S. Securities and Exchange Commission (SEC), accusing the agency of violating precedent in a newly proposed cryptocurrency market structure bill and refusing to provide them with key information.
When legislation that could impact the SEC's operations is pending, the SEC typically provides what is known as "technical assistance (TA)" to lawmakers. This type of analysis, usually provided by nonpartisan SEC experts to both party lawmakers, is intended to help them understand the potential implications of the relevant bill on the agency and the financial markets.
However, Democratic staffers on the House Financial Services Committee claim that the SEC has refused in recent weeks to provide them with written analysis of this new cryptocurrency bill — while allegedly providing this information to Republicans in private.
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