Crypto market structure hearing devolves into partisan claims

Description

Congressional hearing on U.S. crypto market structure legislation on June 6, 2025 devolved into partisan conflict, with Democratic lawmakers accusing President Trump of using digital asset policy for personal gain. Republican members dismissed the concerns as political attacks, while the hearing also highlighted instability within federal financial agencies like the SEC and CFTC as key commissioners prepare to step down.

Authors

Turner Wright

Publish date

June 6, 2025

Publisher

Cointelegraph

Web URL

https://cointelegraph.com/news/market-structure-hearing-criticism-donald-trump

Referenced by

In a June 6 hearing organized by Democrats, HFSC ranking member Maxine Waters defended that the lawmakers should focus on “information that has not been explored during the committee hearing” on June 4, which dealt with concerns around the Digital Asset Market Clarity (CLARITY) Act.

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Democrats hold CLARITY act hearing

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News story

Republican lawmakers on the House Financial Services Committee (HFSC) pushed back against concerns that US President Donald Trump could personally profit from his exposure to the crypto industry, dismissing the claims as political “theatrics” amid ongoing debate about digital assets legislation.

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