Maxine Waters, the Democrat on the House Financial Services Committee, criticized the Republican-led Digital asset market structure bill, the Clarity Act, for excluding provisions that would bar President Donald Trump from profiting off of his crypto ventures while in office

Event date

June 6, 2025

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Maxine Waters, the ranking Democrat on the committee who'd demanding this extracurricular hearing after the panel met earlier in the week on the same topic, pointed to Trump's various crypto efforts in her opening statement, saying her goal was to stop Trump from profiting off of his crypto ventures to the extent he has been.

Though numerous substantive issues related to the bill were discussed during Friday’s hearing, Democratic leaders like Financial Services Committee Ranking Member Maxine Waters (D-CA) focused their critiques mainly on the refusal of Republicans to include language in the legislation that would bar President Donald Trump from engaging in his numerous, lucrative crypto ventures while in office.

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Week 23 of 2025