https://twitter.com/EleanorTerrett/status/1656357646654672898 Prior to today's @FinancialCmte/@HouseAgGOP hearing on digital asset regulation, a memo was circulated among Democrat Committee members. It contained "key messages" for the Democrats to stick to including supporting the @SECGov's total authority over crypto regulation,… https://twitter.com/WayneVaughan/status/1656361299733803009 Now ask why? boubou @boubou63794883 Replying to @WayneVaughan Americans bring the world to its knees with the dollar, anything that could take away this advantage from them will be vigorously fought. Leaked Memo To Democrat Committee Members Reportedly Highlights Instructions To Kill Crypto, BTC Committee members of the Democratic Party have reportedly received a memo prior to this week's hearing on digital assets regulation that supposedly supports the SEC's position toward crypto assets, which some of the people within the crypto community believe are instructions rooted in an attempt to "kill crypto and Bitcoin." Wayne Vaughan, the CEO of the global blockchain platform Tierion, thinks that the "Democrats are trying to kill crypto and Bitcoin" after he saw the leaked memo, which was shared on [70]Twitter by Fox Business journalist Eleanor Terrett. The memo, as pointed out by Terrett, who shares interesting information related to the nascent cryptocurrency industry, was circulated among Democrat committee members prior to the joint meeting between several U.S. House Committees, including House Financial Services Committee and House Agriculture Committee, which took place Wednesday. Among the "key messages" highlighted in the supposed note to the party's Congressmen included the reminder that all crypto assets, just like what the U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler previously said, are securities. The House Committee is also expected to support the financial watchdog's stance on everything that involves crypto regulation. "It contained "key messages" for the @FSCDems to stick to including supporting the @SECGov's total authority over crypto regulation, its assertion that nearly all cryptos constitute securities, and that crypto's problem isn't ambiguity, it's mass non-compliance," Terret tweeted. "The messaging also asserts that Committee Republicans who are looking to cut the budgets of financial regulators are not actually serious about protecting investors and should, instead, focus on passing a clean debt ceiling bill, not on pro-crypto legislation," the journalist's tweet read. Democrats are trying to kill crypto and Bitcoin. Sad. [71]https://t.co/MkHkn1QCma -- Wayne Vaughan (@WayneVaughan) [72]May 10, 2023 Moreover, the memo notes that "under Chair Gensler, the [73]SEC has built up the strongest enforcement team yet to go after crypto criminals and protect investors and consumers from harm." Further, it underlines that Republicans intend to tie the hands of the financial regulator and "want to reverse [the] curse." "Unfortunately, Committee Republicans want to reverse course and tie the hands of the SEC. The SEC must continue to lead the regulation of the U.S. crypto market, and Congress must do its part to provide them with the resources they need," the memo claims, labeling members of the other political party's move as "a partisan pursuit of sweeping digital assets legislation that erects entirely new legal frameworks for the crypto industry when neither the Biden Administration, investors, the SEC, nor other financial regulators have called on Congress to do so." The leaked memo may have swayed the price of Bitcoin, the world's largest crypto asset by market capitalization, to trade in the red zone. As of 1:10 a.m. ET, BTC was trading down 0.81% at $27,494.45 with a 24-hour volume of $22,119,337,098, based on the latest [74]data from CoinMarketCap. [75]Democrats only have a narrow hold on Congress, where Biden is battling to get major spending packages passed Democrats only have a narrow hold on Congress, where Biden is battling to get major spending packages passed AFP / Daniel SLIM Neptune XRP @neptune_xrp May 10 Replying to @EleanorTerrett @FinancialCmte @HouseAgGOP @SECGov Ha, and there it was being presented as a bi-partisan meeting intent on sorting out proper crypto regulations - FAT CHANCE!!!!!!! 🤣🤣🤣🤣 10 hgtp:// Cat 🐈⬛ @cat2dog1human2 May 10 Replying to @EleanorTerrett @FinancialCmte @HouseAgGOP @SECGov wow... MetaLawMan @MetaLawMan May 10 Replying to @EleanorTerrett @FinancialCmte @HouseAgGOP @SECGov Thank you Eleanor! You are doing important work. 17 GuinnessStache @guinnessstache May 10 Replying to @EleanorTerrett @FinancialCmte @HouseAgGOP @SECGov At least it seems like there's enough Democrats that are pro crypto out there in government though. The anti crypto crowd in government seems very small in comparison to the pro crypto crowd. 2 BlockChainTrucker @CryptoCriminal5 May 10 Replying to @EleanorTerrett @FinancialCmte @HouseAgGOP @SECGov Shock he said no whatever 1 BlockChainTrucker @CryptoCriminal5 May 10 Shocking ** Chris G. | Personal Brand Strategist 🎯 @chris_gensheer May 10 Replying to @EleanorTerrett @FinancialCmte @HouseAgGOP @SECGov This is why we can’t have nice things like regulatory clarity. Partisan politics and power grabbing. Ugh… 4 Bologna Fish, M.D.🛡️ @BolognaFishMD May 10 Replying to @EleanorTerrett @FinancialCmte @HouseAgGOP @SECGov "mass non-compliance" vote these clowns out ginja @ginjaNFTs May 10 Replying to @EleanorTerrett @FinancialCmte @HouseAgGOP @SECGov ty Eleanor 4 LaRusso @Thomas32555009 May 10 Replying to @EleanorTerrett @FinancialCmte @HouseAgGOP @SECGov The battle lines have clearly been drawn for 2024, Democrats - Anti-Crypto stance, Republicans largely Pro-Crypto. Would love to see this be one of the deciding factors in the Democrats demise!