The House Financial Services Committee is gearing up for a joint crypto hearing, but tensions are already running high as Ranking Member Maxine Waters plans to object to the event. Scheduled for Tuesday and titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century,” the hearing aims to address regulatory concerns surrounding the crypto market structure.
The lineup of speakers includes industry experts such as Coinbase Product VP Greg Tusar, Former U.S. Commodity Futures Trading Commission Chair Rostin Benham, and Hiro Systems CEO Alex Miller. However, Waters is reportedly planning to lead a walkout with other Democrats to host a “shadow hearing” focusing on President Donald Trump and his family’s connections to the crypto sector.
This clash comes on the same day that key Republican lawmakers, including House Financial Service Committee Chairman French Hill, unveiled a discussion draft proposing a comprehensive regulatory framework for digital assets in the U.S. Hill emphasized the importance of regulatory clarity to protect consumers and maintain the integrity of digital asset markets.
President Trump has come under scrutiny for his ties to the crypto world, with Democratic opponents raising concerns about potential ethics violations. Trump’s upcoming dinner gala for investors of his meme coin, $TRUMP, has sparked further controversy, prompting Senators Elizabeth Warren and Adam Schiff to express concerns about the integrity of the presidency.
As the crypto hearing approaches, all eyes will be on how the event unfolds and which lawmakers choose to participate. The divide between Republicans and Democrats over Trump’s involvement in the crypto sector adds an extra layer of complexity to the discussion. Stay tuned for updates on this developing story.