Crypto Hearing in U.S. House Canceled Amid Democrat Objections
Democrats in the U.S. House disrupted a planned joint hearing on crypto policy, focusing instead on President Trump's personal crypto dealings. Key points include:
- Maxine Waters objected to the joint hearing, citing Trump's alleged corruption related to his crypto assets.
- The objection nullified the hearing's official status, leading to separate discussions in different rooms.
- Republicans continued their discussion on a proposed crypto market structure bill, with calls for increased regulatory authority.
- Waters hosted an alternative meeting to address Trump’s involvement in crypto and introduced legislation to ban government officials from crypto investments.
- Chastity Murphy criticized lack of prohibitions on lawmakers holding crypto, labeling it as legalizing "holding public office for profit."
- Senator Chris Murphy introduced a bill to prohibit senior officials from backing financial assets, including cryptocurrency.