Search Inside Bitcoins

Leaked Memo Instructs Democrats’ Crypto Stand

Join Our Telegram channel to stay up to date on breaking news coverage

Prior to this week’s hearing on digital asset regulation, reports show that committee members of the Democratic Party have received a memo that supposedly supports the SEC’s position toward crypto assets. 

Some crypto community members believe they root these instructions to “kill crypto and Bitcoin.”

Crypto Memo Supports SEC

After Fox Business journalist Eleanor Terrett shared the leaked memo on Twitter, Wayne Vaughan, the CEO of the global blockchain platform Tierion, formed the opinion that the Democrats are attempting to kill crypto and Bitcoin. 

Terrett, known for sharing intriguing information about the emerging cryptocurrency industry, pointed out that the memo had been circulated among Democrat committee members prior to Wednesday’s joint meeting between several U.S. House Committees. These included the House Financial Services Committee and House Agriculture Committee. 

Terrett highlighted several key messages outlined in the alleged note, which was circulated among Democrat committee members prior to a joint meeting of the House Financial Services Committee and the House Agriculture Committee held on Wednesday. One point emphasized in the memo aligns with SEC Chairman Gary Gensler’s previous statement that all crypto assets are considered securities.

It is expected that the House Committee will support the SEC’s stance on crypto regulation. The leaked memo encouraged Democratic committee members to:

  • Endorse the SEC’s complete authority over crypto regulation
  • Recognize that most cryptocurrencies are securities
  • Acknowledge that the main issue with crypto is widespread non-compliance rather than ambiguity

PFL Bans Central Bank Cryptos

In a further development, Governor Ron DeSantis has signed a bill prohibiting the use of central bank digital currencies in Florida. Liquid staking has added over 440,000 Ethereum in just two weeks.

More News 

NFT Sales Rise 36% To $217 Million This Week – Bitcoin NFTs Explode 260%

Crypto Emporium Marketplace: Easy to Buy Luxury Goods and Property with Crypto

Wall Street Memes - Next Big Crypto


Wall Street Memes
  • Early Access Presale Live Now
  • Established Community of Stocks & Crypto Traders
  • Featured on BeInCrypto, Bitcoinist, Yahoo Finance
  • Rated Best Crypto to Buy Now In Meme Coin Sector
  • Team Behind OpenSea NFT Collection - Wall St Bulls
  • Tweets Replied to by Elon Musk
Wall Street Memes

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Don't see the answer that you're looking for?

Ask us Now!