US EditionWaters to block hearing over Trump crypto concerns
- Representative Maxine Waters, a leading Democrat from California, is blocking a joint House hearing on cryptocurrency regulation scheduled for Tuesday.
- Waters plans this action due to Republican-backed legislation that excludes provisions addressing President Trump's family crypto ventures and lacks strong anti-money laundering measures.
- The halted hearing between the House Financial Services and Agriculture Committees would have discussed a newly proposed bill dividing crypto oversight between the SEC and CFTC.
- Waters stated that she cannot support holding a hearing on the cryptocurrency market framework while Republicans continue to ignore or deny Trump's misuse of power.
- This disruption reflects broader Democratic opposition that may delay digital asset legislation, despite some Senate Republicans and the White House supporting regulatory frameworks.
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41 Articles
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Why Top Democrats Are Revolting on Crypto Legislation
Just a few months ago, the crypto industry seemed unstoppable in Washington. It had the support of a pro-crypto president in Donald Trump, a slew of new pro-crypto legislators in both parties, and newly elevated regulators who pledged to not impede the industry’s growth. Many assumed the speedy passage of pro-crypto legislation as a foregone conclusion after Trump asked Congress to send him a stablecoin bill to sign by August. [time-brightcove …
Top House Democrat Maxine Waters blocks crypto legislation hearing: CNBC Crypto World
On today's episode of CNBC Crypto World, Rep. Maxine Waters, the leading Democrat on the House Financial Services Committee, blocked a joint hearing with the House Agriculture Committee on a digital asset market structure bill, citing alleged corruption by the president over his crypto ties. Plus, Jack Mallers, who is now the CEO of Twenty One, discusses the new company, which would allow for a singular vehicle for bitcoin exposure.
Channel News Asia
Trump's crypto ventures cause tensions to bubble over as Democratic lawmaker scuttles key hearing
Tensions on Capitol Hill over President Donald Trump's various cryptocurrency ventures escalated on Tuesday and threatened to derail the digital asset sector's hope of legislation by the end of this year as a top Democratic lawmaker stalled efforts to debate a bill. Although Congress had appeared likely earl
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