House Democrats Walk Out on Digital Assets Hearing Over ‘Trump’s Crypto Corruption’
House Democrats walked out of a hearing focused on digital assets, protesting President Donald Trump’s crypto ventures, which they claim could undermine bipartisan support for crypto legislation. Maxine Waters led the walkout, citing Trump's estimated $2.9 billion in crypto profits as a conflict of interest. Democrats aimed to insert language into pending bills to prevent Trump from engaging in crypto activities while in office, but their amendments were rejected by Republicans. Trump announced a dinner for top holders of his meme coin and a $2 billion deal involving his crypto firm, sparking further outrage. The hearing shifted to a roundtable with industry leaders discussing regulation, where Coinbase's Greg Tusar praised the new market structure draft. Rep. Bryan Steil criticized Democrats for leaving, emphasizing the need for regulation in the crypto space. Rep. Lynch warned that Trump's dealings could damage the industry's credibility and trust.
