Two democratic lawmakers on the U.S. Senate Banking Committee and the Senate Agriculture Committee, are expected to vote for a market bill soon, which signed that they oppose the law without investigating two White House officials.
In a letter Tuesday to officials in the United States Department of State, Commerce Department and Ethics Department, Senators Elizabeth Warren and Elissa Slotkin Called For authorities to investigate US President Donald Trump’s AI and Crypto Czar, David Sacks, and his special envoy in the Middle East, Steve Witkoff.
The two democratic lawmakers have already signed, without information whether “political connected crypto interests distract our national security,” they will not support the law to establish a digital asset structure that is currently moving in the Senate.
Warren and Slotkin’s letter came from a Sept. 15 New York Times Report About a $ 2-billion deal between the Abu Dhabi investment company MGX and Cryptocurrency Exchange Binance. The investment, announced in MarchAy fixed using USD1 Stablecoin Issued by the Trump family’s Crypto business, World Liberty Financial. According to the New York Times, Sacks and Witkoff facilitated the deal by offering access to the UAE to AI chips.
“In our country’s foreign policy history, one is difficult to find two older officials with this significant conflict of interest involved in decisions about national security,” the two senators wrote. “Such unrelenting conflicts of interest have no place in the US government, and we encourage you to conduct a quick and thorough review of these allegations.”
Letter added:
“This information is also critical because Congress considers the law for the digital asset structure and attempts to ensure that crypto corruption does not distract our national security.”
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Warren, the ranking of the Senate Banking Committee, and Slotkin, a member of the Senate Agriculture Committee, could represent important votes and a bell for other Democrats when the room is expected to consider a market structure.
Last week, a group of 12 Democrats signed that they will work In Republicans in the market structure, if they support “restraint of corruption and abuse” and other provisions of any potential bill. Warren said in August that he supported the regulation of digital ownership, but not in any law “written by the crypto industry.”
https://www.youtube.com/watch?v=vkc5qcrvdc0
The Crypto Bill has been delayed after the Congress backwards
Although a market structure bill in the US House of Representative initially faced with some obstacles Over the Republicans’ concerns to the Central Bank Digital Currencies (CBDCs), the law moved to the Chamber in July, with the Stablecoin Genius Bill and the Anti-CBDC Surveillance Act. The House Market Structure Bill, called The Clarity Act, passed with Bipartisan support, with 78 democrats voting for Yay.
Since moving to the Senate, however, the law has faced similar challenges. Wyoming Senator Cynthia Lummis, a member of the banking committee and one of the major proponents of market structural bills, said in August The purpose of the Republicans is to have a bill outside the committee by the end of the month. However, no scheduled vote appeared on the banking committee calendar at the time of publication.
Someone familiar with this matter is told in Cointelegraph that Republicans are in contact with Democrats on the Senate bill, entitled The Responsible Financial Innovation Act, and still hope to get the law signed by the law of 2026. The cointelegraph reached the White House for the comment, but did not receive a response to the publication time.
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