ChainCatcher news, according to The Verge, after suddenly withdrawing support for the Senate's first stablecoin regulatory bill, Senate Democrats announced on Tuesday that they will introduce a new bill prohibiting federal officials and their families from issuing digital assets, directly targeting the stablecoins and meme coins currently held by Trump and his family.The bill's sponsor, Oregon Democratic Senator Sen. Jeff Merkley, stated, "Currently, anyone hoping to establish a relationship with the president can profit personally by purchasing cryptocurrencies that he owns or controls, which is an extremely corrupt act that threatens our national security and erodes public trust in government. We must put an end to this corruption immediately."

ChainCatcher news, according to Jinshi reports, two Democratic senators from the United States are demanding that government efficiency department (DOGE) staff related to Musk leave the Consumer Financial Protection Bureau (CFPB), claiming their presence undermines the agency responsible for regulating the billionaire's yet-to-be-established payment business.Senators Elizabeth Warren and Adam Schiff stated that Musk "is not only suppressing the consumer protection agency regulating the X digital wallet, but he may also gain access to confidential company data that could provide X with an unfair advantage over competitors." Earlier this month, DOGE staff entered the agency, disrupting operations and shutting down headquarters, temporarily putting the agency in a dormant state.

ChainCatcher news, according to CoinDesk, cryptocurrency critic and Democratic Senator Elizabeth Warren criticized Trump’s meme coin TRUMP and urged the U.S. Office of Government Ethics and financial regulators to investigate the ethical and regulatory details of the TRUMP token.Warren, a senior Democrat on the Senate Banking Committee responsible for overseeing U.S. financial regulators, stated that these assets, including First Lady Melania Trump's own namesake meme coin MELANIA, pose a conflict of interest for the president and highlight the most destructive and unstable factors in the cryptocurrency space. TRUMP and MELANIA pose serious risks to President Trump's ability to govern the country fairly and also present significant risks to investors in these currencies, who may become victims of a carefully orchestrated scheme by the Trump family.

ChainCatcher news, Cardano co-founder Charles Hoskinson plans to meet with Democratic senators to promote a bipartisan crypto agenda. Hoskinson posted on X that he will be having talks with senators including Pennsylvania's John Fetterman to make cryptocurrency a bipartisan issue.Charles Hoskinson stated, "Many leaders believe that Warren and Biden's understanding of crypto is wrong, and it's time to bring them into this family." Although Ohio Senator Sherrod Brown failed to secure a fourth term, Massachusetts Senator Elizabeth Warren was re-elected and remains a strong voice against cryptocurrency.In response to a post by Senator John Fetterman, Hoskinson remarked that Trump's victory was due to his protection of the American way of life. Fetterman added, "Trump is not the fascist that Harris claims." He mentioned that he knows many Democrats in Pennsylvania who voted for Trump. Additionally, Hoskinson pointed out that he will begin negotiations with Democrats starting next year.

ChainCatcher News: U.S. Democratic Senator Warren calls for the Federal Reserve to implement a 50 basis point rate cut.

According to ChainCatcher news, three Democratic senators urged the Biden administration to disclose more information detailing its actions in response to North Korea's use of stolen cryptocurrency to fund its nuclear program, as reported by The Wall Street Journal. They stated that North Korea's increasing reliance on digital assets to evade sanctions poses a serious national security threat.