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Leaked Memo Reveals Democratic Party's Plans for Crypto Crackdown in the US

A leaked memo has revealed the Democratic Party's plans for a potential crackdown on cryptocurrencies in the United States. The memo suggests that almost all cryptocurrencies could be categorized as securities, subjecting them to stricter regulations and oversight from regulatory agencies such as the US Securities and Exchange Commission (SEC).

The document also references concerns over El Salvador's adoption of Bitcoin as a legal tender and urges Democratic lawmakers to push back against Republican claims. However, the memo's content has drawn criticism from industry experts who question the SEC's authority in determining the classification of digital assets.

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