{"id":607,"date":"2025-05-05T19:46:28","date_gmt":"2025-05-05T19:46:28","guid":{"rendered":"http:\/\/logicalware.net\/?p=607"},"modified":"2025-05-06T19:37:05","modified_gmt":"2025-05-06T19:37:05","slug":"waters-to-block-hearing-over-trump-crypto-concerns","status":"publish","type":"post","link":"http:\/\/logicalware.net\/index.php\/2025\/05\/05\/waters-to-block-hearing-over-trump-crypto-concerns\/","title":{"rendered":"Waters to block hearing over Trump crypto concerns"},"content":{"rendered":"

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\u2019s growing ties to the industry<\/a>.\u00a0<\/p>\n

Waters will object to the joint hearing between the House Financial Services Committee and the House Agriculture Committee, a Democratic aide told The Hill. This prevents them from moving forward, as joint hearings require the approval of every member. <\/p>\n

House Democrats will instead hold their own hearing to investigate Trump\u2019s crypto ventures, including his meme coin<\/a> and World Liberty Financial.\u00a0<\/p>\n

The move comes after Republican leaders on the two committees released a discussion draft for digital asset market structure legislation.  <\/p>\n

Waters told House Financial Services Chair French Hill (R-Ark.) that she would not approve the joint hearing unless the legislation included provisions to block Trump from profiting from the industry, which he declined to do, according to the staffer. <\/p>\n

Trump and his family have increasingly expanded their crypto portfolio, as his administration pushes for new rules of the road for the industry.  <\/p>\n

World Liberty Financial, the crypto firm launched by the president and his sons, announced last week that an Emirati firm would use its new stablecoin to conduct a $2 billion transaction with Binance. <\/p>\n

Trump is set to attend a dinner later this month with the top investors in his meme coin, which he launched shortly before his inauguration. The price of the token, $TRUMP, jumped 60 percent on the news, prompting some Democratic lawmakers to call for an ethics probe.\u00a0<\/p>\n

The president and his artificial intelligence (AI) and crypto czar, David Sacks, are also expected to appear at a $1.5 million-a-plate fundraiser with crypto and AI investors Monday.<\/p>\n

The rebellion by House Democrats is the latest pushback against crypto legislation, threatening to upend Trump and Republicans\u2019 efforts to pass bills establishing a regulatory framework for the industry<\/p>\n

A group of crypto-friendly Senate Democrats pulled their support for stablecoin legislation over the weekend, after Senate Majority Leader John Thune (R-S.D.) sought to expedite a vote on the bill. <\/p>\n

The senators, several of whom voted to advance the legislation out of the Senate Banking Committee, accused Republicans of attempting to jam through the bill without further negotiations. <\/p>\n

\u201cIt seems they want us to suck it up and vote for this bill without our input,” Sen. Ruben Gallego (D-Ariz.) wrote in a post on X. \u201cThat\u2019s not what we expected during this negotiation and not how I operate. Our statement makes clear we won\u2019t let them jam us. Looking forward to continuing to get this bill to a better place.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s growing ties<\/p>\n

Continue reading <\/use> <\/svg>Waters to block hearing over Trump crypto concerns<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/posts\/607"}],"collection":[{"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/comments?post=607"}],"version-history":[{"count":1,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/posts\/607\/revisions"}],"predecessor-version":[{"id":608,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/posts\/607\/revisions\/608"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/media\/609"}],"wp:attachment":[{"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/media?parent=607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/categories?post=607"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/logicalware.net\/index.php\/wp-json\/wp\/v2\/tags?post=607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}