Republican legislators of the Chamber’s Financial Services Committee (HFSC) have rejected the concerns that US President Donald Trump could personally benefit from his exposure to cryptographic industry, rejecting claims as political “theaters” in the midst of the ongoing debate on digital asset legislation.
During a June 6 hearing organized by the Democrats, the member of the HFSC, Maxine Waters, defended That legislators should focus on “information that was not explored at the committee hearing” on June 4, which dealt with concerns about the law on the clarity of the digital asset market (clarity). The debate around the bill on the structure of the crypto market, which should head to a vote on June 10, was partly followed by calls for provisions prevent Trump from potentially using legislation to his personal benefit.
Representative Bryan Steil, who chairs the digital asset committee, seemed to reject criticism such as “Trump’s disturbance syndrome”, a term used to reject the criticisms surrounding the president. Cointelegraph contacted a Steil spokesperson to comment but did not receive an answer at the time of publication. “My republican colleagues even refuse to recognize the corruption of the cryptography of President Trump, which undermines their efforts to adopt this bill,” said representative Stephen Lynch after Steil’s remarks. “I suppose out of fear and by reaction of the president.” It is not known whether the efforts of the Democrats will arouse sufficient support among the members of their party or the Republicans to slow down or interrupt the adoption of the law on clarity. Before Trump’s dinner to reward his same May 22 holders, Waters presented a separate invoice To block the president, the vice-president, the members of the congress and their families to engage with the digital assets. According to Waters at the hearing of June 6, Trump “abuses his post as president to get rich at the crypto”. She continued: “Not a single provision in this bill [CLARITY Act] deals with the crimes I have presented. In fact, this bill only legitimizes it. »» Also speaking at the hearing, representative Warren Davidson promised “100% democratic opposition to progress in this bill”. In relation: WLFI sends a ceasefire letter to Trump Wallet “ `unauthorized ”-Report https://www.youtube.com/watch?v=VKC5QCRVDC0 Amanda Fischer, political director and chief exploitation for better markets and a witness at the hearing, responded to other concerns concerning the indirect management of the president of digital assets through the Securities and Exchange Commission (SEC) and the Commodity Futures Futures Trading Commission (CFTC). Several of the commissioners of the two agencies are should resign or leave Without nominees again on the way to replace them. “Financial regulation agencies are besieged,” said Fischer. “The democratic commissioners appointed by the president and confirmed by the Senate were dismissed without reason. Soon the CFTC will only have one commissioner. The Senate agriculture committee is Scheduled to consider the appointment of Trump From Brian Quintenz to chair the CFTC on June 10. The acting president of the CFTC, Caroline Pham, and Commissioner Kristin Johnson both announced her intention to leave the agency, potentially leaving Quintenz as the only commissioner for a while. The dry, under the presidency of Paul Atkins, could also see a reshuffle of management by 2027 with the expected departure of Commissioner Caroline Crenshaw. Commissioner Hester Peirce, who heads the agency’s crypto working group, is serving a mandate that expired on June 5. The two commissioners could serve up to 18 months after the end of their conditions if they are not replaced by a choice confirmed by the Trump Senate. Review: Trump crypto companies raise conflicts of interest, initiate negotiation issuesBill of market structure to approach dry roles, CFTC