🏛️ U.S. Crypto Regulation Faces Political Turbulence

In a significant development, the U.S. House of Representatives canceled a planned joint committee hearing on digital assets after Democrats withdrew unanimous consent. This move reflects growing partisan divisions over cryptocurrency regulation. Concurrently, Senate Democrats introduced the "End Crypto Corruption Act," aiming to prohibit high-ranking officials and their families from creating or endorsing digital assets, including meme coins and stablecoins. This legislation emerges amid increasing scrutiny of political figures’ involvement in the crypto space.

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