NewTradingView.com – Investing and Stock News
Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Editor's Pick

House Democrats storm out of cryptocurrency hearing, alleging Trump ‘corruption’

by May 6, 2025
written by May 6, 2025

House Democrats, led by Rep. Maxine Waters, D-Calif., walked out of a joint hearing of the Agriculture and Financial Services committees. Within seconds of Crypto Subcommittee Chairman Rep. Bryan Steil, R-Wis., calling the meeting to order, Waters rose to object. 

She was asked multiple times to explain her objection, and eventually said it was ‘because of the corruption of the president of the United States and his ownership of crypto and his oversight of all the agencies.’

Waters and the Democrats objected to the hearing based on concerns about President Donald Trump’s cryptocurrency ventures, which include his meme coin and World Liberty Financial, according to the Hill. The congresswoman also expressed concerns about Trump’s family’s involvement in crypto, including his sons’ launch of a Bitcoin-mining company.

When Waters, who serves as ranking member of the Financial Services Committee, opened the ‘shadow hearing,’ she accused Republicans of ‘legitimizing’ Trump’s alleged ‘corruption.’

‘…our Republican colleagues refused to address the unprecedented conflicts of interest presented by President Donald Trump and his family. I am deeply concerned that Republicans aren’t just ignoring Trump’s corruption—they are legitimizing Trump’s and his family’s efforts to enrich themselves on the backs of average Americans. Through his crypto business, Trump has turned the office of the presidency into a personal moneymaking machine,’ Waters said in her opening remarks. She later went on to accuse Trump of undermining democracy.

Waters also criticized Trump’s creation of a Strategic Bitcoin Reserve, which she claimed was a method of using taxpayer resources to boost the value of the president’s cryptocurrency.

The Democrats’ hearing featured a panel that included Chastity Murphy,, a former economic policy advisor for Rep. Rashida Tlaib, D-Mich.; Timothy Massad, director of the Digital Assets Policy Project at the Harvard Kennedy School; and Mark Hays, associate director for Cryptocurrency and Financial Technology at Americans for Financial Reform.

The three panelists largely criticized Trump and Republicans’ handling of the cryptocurrency industry. However, they all emphasized the need for stronger regulation—a topic that was intended to be the focus of the original joint hearing.

House Financial Services Committee Chairman Rep. French Hill, R-Ark., responded to Waters’ objection to the hearing with a statement.

‘Committee Republicans on Financial Services and the House Committee on Agriculture will continue to work with legislators on both sides of the aisle who are serious about creating a lasting framework that protects Americans, encourages innovation, and brings digital asset leadership back to the U.S.’

On Monday, the Financial Services Committee released a discussion draft of a bill to establish a regulatory framework for digital assets in the U.S. The committee is looking to lay out ‘clear regulations’ for the industry and prevent ‘bad actors’ from thriving.

‘By providing strong safeguards and long-overdue regulatory certainty, the discussion draft advances President Trump’s vision to make the U.S. the ‘crypto capital of the world’ and reinforces America’s leadership in the global financial system,’ the committee’s one-pager reads.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump admin removes Biden-era transportation safety board vice chair
next post
Speaker Johnson gives verdict on House plan to impeach judges blocking Trump

You may also like

Pope Francis-era deal with Chinese Communist Party again...

May 9, 2025

Trump’s tax hike proposal is ‘déjà vu’ of...

May 9, 2025

Vance says India-Pakistan conflict ‘none of our business’...

May 9, 2025

Trump pushes tax hikes for wealthy as ‘big,...

May 9, 2025

Former Supreme Court Justice David Souter dead at...

May 9, 2025

OpenAI’s Sam Altman thanks Sen John Fetterman for...

May 9, 2025

Trump claims ‘I don’t know her’ and ‘listened...

May 9, 2025

Rubio just got an additional job in Trump’s...

May 9, 2025

Department of Justice opens criminal investigation into NY...

May 9, 2025

Trump’s first vice president urges his old boss...

May 9, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!




    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular Posts

    • 1

      Appeals court blocks Trump from firing federal board members, tees up Supreme Court fight

    • 2

      Oil and natural gas: Oil is back on the positive side

    • 3

      The dollar index continues to pull back to a new low

    • 4

      Gold and Silver: Gold remains stable in the $2420 zone

    • 5

      IonQ Stock Review: Should You Consider Investing Now?

    Recent Posts

    • Trump’s tax hike proposal is ‘déjà vu’ of George H. W. Bush’s ‘read my lips’ moment, experts say

      May 9, 2025
    • Pope Francis-era deal with Chinese Communist Party again under scrutiny as Pope Leo takes the reins

      May 9, 2025
    • Vance says India-Pakistan conflict ‘none of our business’ as Trump offers US help

      May 9, 2025
    • Trump pushes tax hikes for wealthy as ‘big, beautiful bill’ deadline looms

      May 9, 2025
    • OpenAI’s Sam Altman thanks Sen John Fetterman for ‘normalizing hoodies’

      May 9, 2025

    Categories

    • Economy (20)
    • Editor's Pick (441)
    • Investing (103)
    • Stock (50)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: NewTradingView.com, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 NewTradingView.com All Rights Reserved.


    Back To Top
    NewTradingView.com – Investing and Stock News
    • Investing
    • Stock
    • Economy
    • Editor’s Pick