White House says Democrats haven't recommended SEC, CFTC nominees

The White House has sent a letter to the Senate stating it requested recommendations from Democrats for vacant commissioner seats at the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) but received no response, reported Eleanor Terrett, host of the crypto policy outlet Crypto in America. This refutes earlier claims from some Democratic senators that the Trump administration was rejecting their nominations. Terrett added that the demand to fill the regulatory vacancies is growing from both parties ahead of a Senate vote on the CLARITY Act. The personnel dispute between the Trump administration and Senate Democrats is now expected to potentially impact cryptocurrency policy.