Congress prepares to deliberate on cryptocurrency as Democrats disagree

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The United States House Committee on Financial Services and the House Committee on Agriculture were intending to conduct a joint hearing entitled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century. ” 


The context for this hearing is the array of cryptocurrency legislation that the administration has pledged, encompassing both stablecoin regulations and market structure legislation. 


These bills were previously anticipated within the initial 100 days. 


Reports have indicated a split among the Democrats, some of whom may even disrupt the hearing, with Representative Maxine Waters reportedly planning to object to the joint hearing, citing concerns regarding the president benefitting from his numerous cryptocurrency ventures. 


The Democrats plan to conduct a separate hearing focusing on the...


Donald Trump, the United States president and financial fraudulent actor, has falsely asserted he is “not profiting” from $TRUMP coin, despite the revenue from the sale being allocated to a Trump-associated firm. 


At the Republican hearing, we expect to hear from: 


James Rathmell, the General Counsel for Haun Ventures 

Alex Miller, the Chief Executive Officer for Hiro Systems 

Daniel David, a partner at Katten 

Greg Tusar, the Vice President of Institutional Product for Coinbase 

Rostin Behnam, the former Chairman of the United States Commodity Futures Trading Commission (CFTC)

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