Crypto in the Crossfire: Democrats and Republicans Clash Over Digital Assets

Crypto is now at the center of a heated debate between Democrats and Republicans. Both parties are trying to control the rules for digital assets, leaving the crypto industry caught in the middle. Recently, Senate Democrats had a private meeting with crypto leaders. They accused Republicans of using the crypto industry for political gain. Senator Ruben Gallego was quite blunt, telling crypto executives not to become a tool for the Republican Party. On the same day, these same companies met with Republicans. The Republicans presented their meeting as the true path to crypto legislation. Both sides claim they want a market structure bill, but the divide between them is growing. Trust is low, and the fight is getting more intense. So, what are they fighting about? The main issues are who should regulate crypto, how to treat tokens, and what rules should apply to DeFi. Republicans want the CFTC to have more control and prefer lighter regulations. Democrats, on the other hand, want the SEC to keep its authority and stronger investor protections. The political risk for crypto is clear. If this becomes a battle between Democrats and Republicans, it could lead to gridlock. The more political crypto becomes, the bigger the risks. This is one of the most important issues to watch in the crypto world. Meanwhile, crypto prices are rebounding. Bitcoin is up by 1%, Ethereum by 1%, and other major coins are also seeing gains. There are also some interesting developments in the crypto world, like new reports, token launches, and corporate moves.