Democratic committee members in the US Congress are reportedly preparing to endorse the Securities and Exchange Commission's (SEC) strict regulation of digital assets, which has sparked reactions among top crypto leaders. Cardano founder Charles Hoskinson has condemned the memo, urging Americans to consider it a top priority issue in the next presidential election. He advised US citizens to become single-issue voters and support pro-digital asset candidates in the next election cycle. The memo suggests that the US Democrats and the government are planning a major crackdown on digital assets, with the SEC gaining full authority over digital asset oversight.