ChainCatcher news, according to The Block, the U.S. Securities and Exchange Commission (SEC) faced strong criticism from House Democratic staff during a technical briefing on the "Clarifying Lawful Overseas Use of Data Act" (CLARITY Act), being labeled as "the worst technical assistance briefing." Staff accused SEC representatives of being unable to answer simple questions and even referred to some information as confidential, questioning their efforts to cover up the truth.Additionally, Democratic staff stated that Republicans received written technical assistance from the SEC, while they were not provided with any. The bill aims to clarify the division of responsibilities between the SEC and CFTC in cryptocurrency regulation and will be reviewed by the House Financial Services Committee in a hearing this week.