US EditionWaters to block hearing over Trump crypto concerns
- Rep. Maxine Waters intends to prevent a joint session between the House Financial Services and Agriculture Committees planned for Tuesday that would address cryptocurrency regulation.
- Waters objects because she wants provisions in the legislation to prevent the Trump family from profiting from cryptocurrency ventures linked to corruption concerns.
- The joint hearing requires unanimous consent, but Waters will lead a Democratic walkout and stage a shadow hearing on the Trump family's crypto dealings.
- The Trump family has launched ventures like the Official Trump meme coin and USD1 stablecoin, drawing increased scrutiny and calls for tighter regulation.
- This disruption reflects broader Democratic resistance to Republican-backed crypto legislation and highlights ongoing concerns about corruption and regulatory gaps.
11 Articles
11 Articles
Maxine Waters Plans Walkout From Crypto Hearing, Will Host 'Shadow Hearing' Opposing Trump Family Ventures: Report
Rep. Maxine Waters (D-Calif.), a key Democrat and ranking member of the House Financial Services Committee, reportedly plans to walk out of a joint hearing on cryptocurrency policy scheduled for Tuesday. What Happened: Waters intends to walk out with at least several Financial Services Democrats and hold a “shadow hearing” on President Donald Trump’s family’s involvement in the cryptocurrency industry, Politico reported, citing sources with dire…
'Startling': Dems rally to block bill to make it easier for Trumps to 'line their pockets'
Even Democrats who once supported regulatory legislation for "stablecoins" are backing off now that the Trump family is a major player in the crypto market, according to a new report in The New York Times.Stablecoins are "a type of cryptocurrency that maintains a price of $1"; Crypto traders like stablecoins because they don't "swing in value the way other digital currencies do, making them convenient for many types of business transactions," ac…
Waters to block hearing over Trump crypto concerns
Rep. Maxine Waters (D-Calif.), the top Democrat on the House Financial Services Committee plans to block a hearing on cryptocurrency legislation Tuesday over concerns related to President Trump’s growing ties to the industry. Waters will object to the joint hearing between the House Financial Services Committee and the House Agriculture Committee, a Democratic aide told... The post Waters to block hearing over Trump crypto concerns appeared fir…
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