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Democrats, during the June 6, 2025 hearing on the digital asset market structure bill, commonly referred to as the Clarity Act, raised concerns, along with Democrat-selected witnesses, about the Trump family's involvement in cryptocurrency ventures and potential loopholes in the bill that could enable traditional financial firms to circumvent existing securities regulations
Democrats led a hearing on the digital asset market structure bill (also known as the Clarity Act) on June 6, 2025, at the request of Representative Maxine Waters, following Republican-led hearings held on June 4, 2025
Republicans, during the House Financial Services Committee hearing on July 6, 2025, defended the CLARITY Act by stating that the U.S. currently lacks any federal legal framework for digital assets and consumer protection, and dismissed concerns that Trump personally could profit as “theatrics
House Democrats On June 6, 2025, held a hearing at the House Financial Services Committee on the Republican-led digital assets market structure bill, known as Clarity Act
A formal hearing on the Clarity Act is scheduled to take place on June 10, 2025, during which the bill will be debated, amended, and potentially submitted to the full House for consideration

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