House Dems Get Bonus Hearing on Crypto Market Structure, Assail Trump Conflicts
Maxine Waters, the top Democrat on the House Financial Services Committee, pressured an additional hearing on the crypto market structure bill.
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House Financial Services Committee
Maxine Waters, the top Democrat on the House Financial Services Committee, pressured an additional hearing on the crypto market structure bill.
Two House of Representatives hearings dug into the details of the current legislation to regulate U.S. crypto markets, but Trump loomed over the discussions.
Rep. Maxine Waters said she is concerned about U.S. President Donald Trump’s increasing crypto ties.
As a successor to the so-called FIT21 bill in the last session, the committee chairs in the House have released a discussion draft of a market structure bill.
In a U.S. congressional hearing on the new House stablecoin bill, witnesses including BNY Mellon and a Wall Street super-lawyer further show a tradfi arrival.
In a hearing with the loaded title “A Golden Age of Digital Assets,” the sector was — for the first time — mostly treated as a welcome arrival to U.S. finance.
The industry’s U.S. banking crisis may be retreating as a second congressional committee sheds light on how crypto businesses have been treated by regulators.
David Sacks and the leaders of the congressional committees that will handle crypto legislation outlined their plans at a press conference.
Hill, who chaired the House Financial Services Committee’s digital assets subcommittee, has long been a crypto advocate on the Hill.
U.S. Rep. Maxine Waters (D-Calif.), the House Financial Services Committee’s ranking Democrat, suggested in a Securities and Exchange Commission oversight hearing on Tuesday that she and the Republican chairman should finish a bill this year to regulate U.S. stablecoin issuers.