Elizabeth Warren, crypto industry slam key Trump legislation

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Key takeaways

  • The Republican Party is trying to push for the crypto market structure bill.
  • The bill introduces “ancillary assets” to distinguish certain crypto assets from securities.
  • Sen. Elizabeth Warren and a large industry coalition have objected to the draft, albeit for different reasons.

An unlikely alliance seems to be forming in the U.S. as two camps, generally lying on the opposite ends of the crypto policy, have found the Donald Trump administration's key legislation lacking in some aspects.

Sen. Elizabeth Warren (D-MA), often very critical of the crypto industry, and the DeFi Education Fund (DEF), a non-profit that is a strong proponent of crypto and DeFi, criticized the Senate's draft legislation for crypto market structure. However, their points of contention, as we will find out, are entirely different.

Related: What is Crypto? Cryptocurrency explained

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