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Trump's Crypto Connections Under Fire: Democrats Push for Regulation Amid Concerns of Personal Gain

Wednesday, Jun 4, 2025 6:22 pm ET1min read

US House Financial Services Committee holds hearing on regulating digital assets, with leadership facing conflicts of interest due to President Donald Trump's potential ties to the crypto industry. Ranking member Maxine WatersWAT-- expresses concerns that Trump could use the market structureGPCR-- to divert Americans' money into his digital wallet, increasing investor harm and national security risks. Witnesses testify but do not address Trump's potential conflicts of interest directly. The hearing highlights the challenges in passing crypto legislation without addressing Trump's ties to the industry.

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