Trump’s crypto dealings face scrutiny as House Republicans unveil digital asset bill
US President Donald Trump's crypto businesses are under scrutiny as they influence US digital asset legislation. Republican lawmakers introduced a draft digital asset market structure bill on May 5, while Democrats, led by Maxine Waters, planned to boycott a related hearing. The bill aims to clarify the SEC and CFTC's treatment of digital assets and includes provisions defining digital commodities. Waters intends to block the Republican-led hearing and may conduct a shadow hearing on Trump's ties to the crypto industry. Calls for Trump's impeachment have emerged following his hosting of memecoin holders at the White House. Concerns about potential conflicts of interest related to Trump's crypto ventures have been raised, complicating legislative efforts.
