Democrats' Secret Plan to Regulate Crypto Exposed in Leaked Memo

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Source: Bitcoinist
Democrats' Secret Plan to Regulate Crypto Exposed in Leaked Memo
Photo: Bitcoinist
TL;DR Summary

US Democrats are secretly pushing their war on the US crypto industry, with SEC Chairman Gary Gensler at the forefront. The party leadership wants to bring the industry under their full control, while Republicans plan to pass crypto-friendly legislation before the end of June. The SEC must continue to lead the regulation of the US crypto market, according to the memo. Meanwhile, US Republicans are defending the industry and demanding regulatory clarity for digital assets to preserve this technology and its potential in the US.

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