Democratic staff members of the House Financial Services Committee have expressed frustration with the Securities and Exchange Commission (SEC), alleging that the agency failed to provide standard technical analysis for the Digital Asset Market Clarity Act. This bill aims to delineate regulatory responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC) concerning digital assets. 

During a recent briefing, Democratic staffers reported that their inquiries regarding the bill's implications were met with resistance from SEC officials, who declined to offer detailed responses. This perceived lack of cooperation has led to concerns about the SEC's transparency and its role in the legislative process. 

In response, Representative Maxine Waters, the committee's ranking Democrat, is preparing a letter to SEC Chairman Paul Atkins, requesting comprehensive technical and impact analyses of the proposed legislation. The letter emphasizes the necessity of thorough feedback from regulatory agencies to ensure informed policymaking. 

The SEC has stated that it provides technical assistance to any member of Congress who seeks it, including on crypto-related bills. However, Democratic staffers maintain that the agency's recent actions represent a departure from standard practices, potentially hindering the development of effective and balanced cryptocurrency regulations.