TechFlow news — On September 18, Fox Business journalist Eleanor Terrett revealed that she obtained a memo prepared by Democratic leadership for today's House Financial Services Committee hearing. The language and framing of the memo clearly indicate that, from the perspective of Democratic leadership, cryptocurrency remains a highly partisan issue.
The memo labels the FIT 21 (Financial Innovation and Technology for the 21st Century Act), a bipartisan-supported crypto bill, and proposals to repeal SAB 121 (Staff Accounting Bulletin 121) as "particularly harmful legislation," attributing these initiatives to "extreme MAGA Republicans."
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