Bloomberg News
Washington – The Democrats of the Chamber, led by the member of the Chamber of Financial Services Committee, Maxine Waters of California, left a joint audience scheduled for cryptocurrency on Tuesday, preventing the audience.
Committee’s joint hearings require unanimous consent, which means that Waters’ upholstery has effectively blocked the audience. The Chamber’s Financial Services Committee and the Chamber Agriculture Committee rather organized a round table while Waters and other Democratic legislators organized an alternative event at the same time.
Waters protested the Republicans to include or envisaged legislation that would prevent President Donald Trump and his family from enjoying their
Waters said that it would oppose the hearing unless the Republicans accept to include his amendment or a significantly similar modification which would prevent Trump from benefiting financially from his post as Director General.
“I’m deeply concerned about the fact that the Republicans are not only aware of Trump’s corruption, they legitimize Trump and his family efforts to get richer on the backs of average Americans,” Waters said. “Thanks to his cryptographic companies, Trump transformed the office of the presidency into a machine to earn money.
Waters’ decision occurs when she and other leading Democratic legislators are trying to take off the members of their own Caucus far from supporting the crypto legislation led by the Republicans. The 2024 elections saw a
“I want to congratulate my colleagues to be here,” said representative Brad Sherman, D-Calif., One of the legislators who came out of the audience with Waters. “It takes a little courage when all the money and the power are on one side of this argument.
“We are all aware that the cryptography industry spent $ 45 million against Sherrod Brown last year, and if you have not yet been threatened by Crypto, you will soon be, as soon as they watch this band,” Sherman continued.
Republicans need democratic support to adopt cryptographic legislation, which they have hitherto obtained for a
“The bill as it is currently being still has many problems that must be resolved, in particular by adding more solid provisions on money laundering, foreign issuers, national security, preservation of the security and solidity of our financial system and responsibility for those who do not meet the requirements of the law,” said senators.
The chairman of the French Hill House Financial Services Committee, R-Ark., Said Waters’ objection came after the hearing was noticed six weeks earlier, and that it had the opportunity to negotiate some of its conditions.
“We have agreed not to notice legislation to this joint hearing, but the classification member is opposed today,” he said. “We have determined a table of seats, discussed openness declarations and witnesses, but the classification member is opposed today.”
Hill said Waters “said the opportunity for these two committees to engage in a conversation of vital importance for the American people”.
“Those of us who stay in this room will not be seated on the ground and abandon the urgent work we have before us that our committees have decided to do,” said Hill. “We will do the hard work to find common ground on issues such as digital assets that strongly count to Americans, we will try not to be silent on political disagreement.”
The audience – now a round table – continued with certain Democrats present, including some moderate who remained to monitor the procedure after more progressive legislators left to hold their own forum.
The tensions between these democratic legislators and the republican majority have sometimes completed, and the representative Bryan Steil, R-Wis., One of the main co-workers of the bill on the market structure, and the representative Stephen Lynch, D-MASS. conflict of interest.
“Too bad for the classification member that it is not an audience,” said Steil. “If it was an audience, the classification member would be protected by the rules of the house.”
