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Maxine Waters, top Democrat of the House Financial Services Committee, informed Chairman French Hill she would block the hearing on the crypto market structure bill draft unless it included provisions preventing Donald Trump, his family, and other federal officials from profiting from digital assets
House Financial Services Committee Chair French Hill rejected Maxine Waters' objection to the cryptocurrency market structure bill draft hearing, arguing that her concerns over Donald Trump’s conflicts of interest are unrelated to the hearing and injected partisanship into a traditionally bipartisan process
House Democrats, led by Rep. Maxine Waters, blocked a joint House Financial Services and Agriculture Committee hearing on a draft crypto markets structure bill which was released on May 5, 2025
U.S. House of Representatives rules for a hearing require that all participants in a joint hearing agree to proceed, allowing any member to prevent the hearing by objecting

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