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Democrats walk out of crypto hearing after tense moments

House Democrats, led by Rep. Maxine Waters, walked out of a crypto hearing on May 6, 2025, in Washington, DC, protesting President Trump's crypto ventures.
The walkout arose because Democrats objected to Trump's personal profit from crypto, especially a $2 billion UAE-backed deal involving his family's firm, World Liberty Financial.
The hearing was originally to discuss a draft bill on digital asset market structure, which would limit SEC oversight and create a regulatory framework, but tensions halted the session.
Waters explained that the walkout was intended to secure provisions in crypto legislation that would bar the president from benefiting financially from the cryptocurrency industry, highlighting concerns about Trump’s open involvement with a stablecoin business.
The protest disrupted bipartisan crypto legislation progress and raised concerns about conflicts of interest, prompting separate Democratic roundtables and a Senate investigation into Trump’s crypto ties.

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bankingdive.com

Center

Maxine Waters walks out of digital asset hearing

House Democrats’ walkout blocked the hearing from taking place. They cited concerns over the president’s and his family’s ties to digital asset businesses.

1 day ago

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unchainedcrypto.com

Center

A House Hearing on Crypto? More Like a Big, Partisan Fight

The movement of crypto legislation through Congress suffered a setback on Tuesday. At the beginning of what was supposed to be a scheduled joint House hearing on the most significant bill to the crypto industry, on a digital asset market structure, Rep. Maxine Waters (D-Calif.) dramatically objected, derailing the session. The splintering between the Democrats and Republicans over the issue calls into question whether either a stablecoin or mar…

1 day ago

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Latin Times

Lean Left

Republicans, Dems Hold Separate Crypto Roundtables As Tensions Simmer Over Trump Projects

Republicans and Democrats on Sunday held separate crypto roundtables after Rep. Maxine Waters walked out of a crypto hearing seeking to discuss crypto legislation as she alleged that GOP members of the House Financial Services Committee refused to discuss President Trump's crypto ventures.

2 days ago

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