Rating member of the Home Monetary Providers Committee Maxine Waters (D-CA) Congressman Stephen Lynch (D-MA) introduced July 11 that subsequent week will likely be often called “Anti-Crypto Corruption Week” on Captiol Hill.
Democrats Push Again On GOP Crypto Week
In accordance with the Friday discover posted on the Home Monetary Providers Committee’s web site, Democratic lawmakers will likely be pushing towards the Republican Celebration’s deliberate “Crypto Week” in opposition to their political opponents’ mobilization to go crypto laws.
NEW: To counter the GOP’s “Crypto Week,” Reps. @RepMaxineWaters & @RepStephenLynch are launching “Anti-Crypto Corruption Week,” rallying Dems to dam the GENIUS Act, CLARITY Act & Anti-CBDC invoice — warning they pave the best way for what they name Trump’s crypto corruption. pic.twitter.com/kpT6JpTEKx
— Eleanor Terrett (@EleanorTerrett) July 11, 2025
Particularly, Waters and Lynch referred to as out each the CLARITY Act and the GENIUS Act by title within the discover, going as far as to name the proposed rulemaking “harmful items of crypto laws.”
The 2 U.S. lawmakers additionally took purpose at U.S. President Donald Trump’s crypto ventures, claiming his dive into the world of digital property is merely part of his “evil and corrupt crypto empire.”
“Except for missing urgently wanted client protections and nationwide safety guardrails, these payments would make Congress complicit in Trump’s unprecedented crypto rip-off – one which has personally enriched himself, his whole household, and the billionaire insiders in his cupboard, all whereas defrauding buyers,” Waters mentioned.
Donald Trump’s Digital Asset Ventures Questioned
Trump has garnered elevated scrutiny in current months over his affiliation with novel crypto platform, World Liberty Monetary, over their new USD1 stablecoin in addition to his the launch of his namesake memecoin $TRUMP.
Critics of Trump’s ties to the blockchain sector allege that his Trump-affiliated cryptocurrencies could pose ethics issues as anybody – together with these concerned in overseas governments – could buy and maintain the cash.
“My Republican colleagues are desperate to proceed doing the bidding for the crypto business whereas conveniently ignoring the vulnerabilities and alternatives for abuse that exist in crypto – particularly given President Trump’s acceptance of billions of {dollars} in funding in his household crypto enterprise from overseas governments and his blatant conflicts of curiosity,” mentioned Congressman Lynch.
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