House Democrat Maxine Waters to Block Joint Crypto Hearing
Rep. Maxine Waters will block a joint hearing between the House Financial Services Committee and the House Agriculture Committee regarding a newly unveiled market structure bill. Key points include:
- All participants must agree for a joint hearing to proceed.
- Waters aims to prevent the hearing, citing President Trump's increasing involvement in crypto.
- The joint hearing was announced last week, addressing oversight by the SEC and CFTC.
- Waters demands provisions to limit Trump from profiting off crypto before approving the hearing.
- Trump recently hosted a dinner for TRUMP memecoin holders and involved Abu Dhabi's MGX in crypto investments.
- A separate hearing will be held by Waters and Democrats to investigate Trump's crypto connections.
- The chair of the Financial Services Committee encouraged Waters to attend and express her views.