The Republican MPs of the House Financial Services Committee (HFSC) pushed against the concern that US President Donald Trump could individually benefit from his risk to the Crypto industry, reject claims as a political “theatrix” amidst the ongoing debate about the digital property law.
At the 6 June hearing organized by Democrats, HFSC rankings member Maxin Waters Rescuing MPs should focus on the “information not discovered during the committee hearing” on June 4, which deal with concerns about the Digital Asset Market Clarity (Clarity) Act. The debate around the Crypto Market Structure Bill was expected to be prominent for one vote on June 10, a partial shadow has been given by calls for provisions Prevent Trump from potentially using law For their personal benefit.
Representative Brian Sill, who presided over the Digital Assets Committee, dismissed criticisms as a “Trump Derange syndrome”, a word was used to reject criticism around the President. Cointelegraph reached a steel spokesperson for comment, but did not receive the response at the time of publication.
“My Republican colleagues also refused to accept President Trump’s crypto corruption, which reduces his efforts to pass the bill,” the rape said. Stephen Lynch said. “I consider the President fear and backlash.”
It is unclear whether the efforts of Democrats will receive adequate support between members of his party or Republican, which are to slow down or stop the Clarification Act. Waters before Trump’s dinner to reward their Memcoin holders on 22 May Placed a separate bill Prevent President, Vice President, Congress members and their families from joining digital assets.
According to Waters at the June 6 hearing, Trump is “misusing his position as President to enrich himself with Crypto.” He continued:
“A single provision (clarity act) within this bill addresses offenses that I have determined. In fact, this bill only values it.”
Speaking at the hearing also, Rape Warren Davidson promised “100% Democrats Protest for Progress in this bill”.
Connected: WLFI ‘unauthorized’ Trump sends conflict-and-exercise letters to the wallet-report
https://www.youtube.com/watch?v=VKCCRVDC0
SEC, market structure bill to address CFTC roles
Amanda Fisher, Director and Chief Operating Officer for Better Markets and a witness in hearing, addressed other concerns with indirect handling of the President of Digital Assets through the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). There are many of the commissioners in both agencies Expected to resign or go On the route to replace them yet without nominated person.
“Financial regulatory agencies are subject to siege,” Fisher said. “The President confirmed the Democratic Commissioners nominated by the President and the Senate that it has been fired without any reason. Soon, the CFTC will have only one commissioner. By the end of the year, this SEC will be below for the three -member commission of all Republicans, despite the fact that they have a legal mandate of bilaterals.”
Senate is agricultural committee Trump’s enrollment is determined to consider On June 10, Brian Quintage to preside over CFTC. CFTC Chairing Caroline Fam and Commissioner Christin Johnson announced a plan to leave the agency, possibly left Quintage as the only commissioner for a time.
The SEC headed by Paul Atkins could see a shakeup in the leadership with the expected departure of Commissioner Caroline Kreenshow by 2027. Commissioner Haster Peerus, who heads the agency’s Crypto Task Force, is serving a word, which has ended on 5 June. The two commissioners can serve up to 18 months after the end of their terms if the Senate was not replaced by the Senate-confused pick.
magazine: Trump’s crypto venture enhances conflict of interests, Insider Trading Questions
