Trump White House rejects SEC snub claims before CLARITY showdown
The Trump White House has rejected accusations that it is refusing to nominate Democratic commissioners to the Securities and Exchange Commission and Commodity Futures Trading Commission as the Senate moves closer to debating the CLARITY Act. According to a letter sent by the White House to Senate Majority Leader John Thune and Senate Democratic Leader Chuck Schumer, the administration said it had already asked for suitable Democratic nominees for both the SEC and the CFTC but had not received any names in response. The letter pushes back against criticism that the administration is deliberately leaving seats vacant at two agencies expected to oversee large parts of the digital asset market if the CLARITY Act becomes law. With the Senate still yet to schedule a floor vote on the market structure bill, the exchange over regulatory appointments has added another issue to negotiations already facing time pressure. As crypto.news reported earlier, lawmakers are working against the Senates Aug. 7 recess, leaving a limited window to move the legislation forward. Senate negotiations continue before floor vote Although the White House defended its position on the nominations, it remains unclear whether the disagreement will influence support for the CLARITY Act. Lawmakers from both parties are still negotiating several