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

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May 6, 2025

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Under House rules, all participants in a joint hearing need to agree to proceed. Waters will object to the joint hearing and prevent it from proceeding as planned, a Democratic staffer told CoinDesk, pointing to U.S. President Donald Trump's recent and increasing engagement with crypto.

Waters said she told Financial Services Committee Chairman French Hill that she would consent to the hearing if he "include[d] provisions to block Trump and his family, as well as Members of Congress and other elected federal government officials, from further profiting off crypto at the expense of American families in his crypto legislation."

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Week 19 of 2025