Two Democratic lawmakers on the US Senate Banking Committee, Senators Elizabeth Warren and Elissa Slotkin, have expressed opposition to a market structure bill regarding digital assets unless there is an investigation into two White House officials. They wrote a letter to the US State Department, urging an examination of alleged conflicts of interest involving David Sacks and Steve Witkoff related to a $2 billion deal between an Abu Dhabi investment company and Binance. The senators highlighted concerns that politically connected crypto interests could undermine national security and stressed the importance of this information as Congress considers the legislation. Despite some bipartisan support in the House for a similar market structure bill, progress in the Senate has encountered challenges, particularly the need for thorough evaluations of the administration's ties to the crypto industry. The legislation aims to combat crypto-related corruption while ensuring proper regulation of digital assets before being signed into law by 2026.

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