The leading Democrat in the House Financial Services Committee, Rep. Maxine waters, will block efforts to conduct joint hearing between his House Agriculture Committee and Committee in the new unveiled market structure of discussion discussion.
Under home rules, all participants in a joint hearing need to be resolved to continue. The waters will objection to the joint hearing and prevent it from continuing as planned, a democratic staff CoinDesk, who has been pointed out recently and increasing President Donald Trump’s cooperation in Crypto.
Financial committees and agricultural committees have announced that they will have a joint hearing on market structure issues last week, and Unveiled the first text Responding to the issue – including how the Securities and Exchange Commission and Commodity Futures Trading Commission will oversee the crypto – earlier Monday.
“Range member Maxine Waters is unable to believe in Trump’s crypto crimes and pushed the Republicans to investigate these crimes,” the staff said. “Leading the hearing of tomorrow, the waters member ranked Chairman Hill a phone call and told him that he would not approve this hearing unless the Republicans include provisions in their law to hinder Trump from further profit from crypto from the back of investors.”
Politico It was first reported that the waters would object to the joint hearing.
In recent days, Trump announced that he would to have dinner For 220 parties holding Trump’s most -mecoins. One of his children, Eric Trump, announced last week that the Abu Dhabi investment firm that MGX will use USD1 Stablecoin of World Liberty Financial To close its investment In Crypto Exchange Binance. Freight technologies, a logistic company that has been exchanged by the public, Also said last week That it will buy $ 20 million in Trump’s coins with the clear purpose of trying to influence the trade policy.
Democratic staff told CoinDesk that waters and other democrats on the financial service committee will hold their own hearing investigating various trump’s crypto ties, which will include the World Liberty Financial.
A spokesman for the financial service chairman, French Hill, said in a statement, “Since the last Congress, we have a productive bipartisan, bicameral discussion of market structural law. We encourage the ranking member to attend the hearing tomorrow to reveal his views and re -imagine his decision.”
