A memo leaked to the media in recent days suggests the Democratic Party is siding with the Securities and Exchange Commission (SEC) in its battle with the crypto industry. Right down to issues such as funding for regulators and the classification of cryptocurrencies for legal purposes.
A leaked memo on crypto regulation could spell the end of the United States as a leader in the crypto sphere. The memo was initially leaked by a Fox Business reporter, Eleanor Terrett, on Twitter. Terrett detailed its contents in a May 10 tweet that quickly gained hundreds of retweets and thousands of likes. The memo affirms what many have long suspected about crypto’s relative popularity among the two major US political parties.
A Leaked Memo Meant for One Party
The memo’s ostensible readership was congressional Democrats sitting on the House Financial Services Committee. It includes “key messages” for representatives to draw on when…
