Waters Blocks Crypto Hearing Over Trump Family Ties

Rep. Maxine Waters, the ranking Democrat on the House Financial Services Committee, plans to block and walk out of a joint congressional hearing on cryptocurrency legislation, citing concerns over President Trump and his family's growing involvement in the crypto industry. Because the hearing requires unanimous consent, Waters' objection cancels the session. Waters and several Democrats will instead conduct a 'shadow hearing' to scrutinize Trump's crypto ventures, including his meme coin, recent partnerships, the launch of a stablecoin, and participation in exclusive crypto investor events. House Republicans recently released a draft bill aimed at regulating digital assets, but Democrats argue it lacks sufficient safeguards against money laundering and presidential profiteering. The dispute highlights intensifying partisan tensions over crypto regulation, with Democrats seeking stricter oversight and Republicans emphasizing innovation. Trump's expanding role in the crypto sector has prompted increased scrutiny and calls for further investigation.