Internet reports that Democratic staff of the U.S. Senate Banking Committee criticized the Republican version of the draft cryptocurrency legislation for providing a "highway to evade regulation" for traditional assets, fearing that non-cryptoassets such as stocks could circumvent the U.S. Securities and Exchange Commission (SEC) regulation simply by tokenization. Democrats pointed out that the definition of "ancillary assets" in the draft is not limited to cryptocurrencies and may allow companies to sell assets without investor protection, increasing the risk of market volatility and fraud. Previously, the House of Representatives had passed the Digital Asset Markets Transparency Act, establishing the division of labor between the SEC and the Commodity Futures Trading Commission (CFTC) in the field of digital assets. Democrats have also expressed concerns about President Trump's family's encryption business, saying the draft does not limit its impact.