The main democrat of the Chamber’s Financial Services Committee, the Maxine Waters representing the efforts to hold a joint audience between its committee and the Chamber’s Agriculture Committee during the discussion of the newly unveiled market structure on Monday.
Under the rules of the house, all participants in a joint hearing must agree to proceed. Waters will oppose the joint hearing and prevent him from continuing as planned, a member of Democratic staff told Coindesk, stressing that the recent and an increasing commitment by American president Donald Trump with Crypto.
The committees of financial services and agriculture have announced that they would welcome a joint audience on the structure issues of the market last week and unveiled the first text resulting from the issue – including how the securities and exchanges committee and the Commodity Futures Futures Trading Commission would supervise Crypto – earlier on Monday.
“The Maxine Waters ranking was incredibly expressed about Trump’s cryptographic crimes and prompted the Republicans to investigate these crimes,” the staff said. “Before the hearing of tomorrow, the Waters ranking member gave President Hill a phone call and told her that she would not approve of this hearing unless the Republicans include arrangements in their legislation to prevent Trump from taking advantage of crypto out of investors.”
In a statement published on Monday evening, Waters said: “President Trump’s actions radically transformed the crypto landscape in a much more dangerous way than we could have imagined.
Waters said that she told the president of the French Hill financial services committee that she would grant the hearing if he “included (d) arrangements to block Trump and his family, as well as members of the Congress and other representatives of the elected federal government, to benefit more from the crypto at the expense of American families in its cryptographic legislation.”
Its audience will feature Chasty Murphy, a stock market visiting at the University of Manchester, who formerly worked on the legislation on the stablescoin with the representative Rashida Tlaib; Harvard Kennedy school recycle and former CFTC president, Timothy Massad; The main analyst of the Americans’ main policies for the financial reform Mark Hayes and the founder of the turning door project Jeff Hauser.
Politico first reported that Waters would oppose the joint hearing.
In recent days, Trump has announced that he would organize a dinner for the 220 games organizing the most same Trump. One of his children, Eric Trump, announced last week that the investment company of Abu Dhabi MGX would use the Stablecoin USD1 of World Liberty Financial to close its investment in the crypto exchange. Freight Technologies, a logistics company listed on the stock market, also said last week that it would buy $ 20 million in Trump parts with the explicit aim of trying to influence trade policy.
Democratic staff told Coindesk that the waters and other democrats of the Committee of Financial Services would hold their own audience investigating the various Crypto-Liens of Trump, which would include World Liberty Financial.
A spokesperson for Hill said in a statement that: “Since the last congress, we have had bipartite and productive bipartic discussions on market structure legislation. We encourage the classification member to attend the hearing of tomorrow to express his views and reconsider his decision to oppose.”
Update (May 6, 2025, 02:25 UTC): Add water comments.
