Joe.My.God. LGBT News
The Hill reports:
Several House Democrats walked out of a hearing on cryptocurrency legislation Tuesday, after Rep. Maxine Waters (D-Calif.) objected over concerns about President Trump’s recent ventures in the digital asset industry. Waters, the top Democrat on the House Financial Services Committee, sought to block the joint hearing between the panel and the House Agriculture Committee with her objection, sparking several tense minutes between lawmakers.
House Financial Services Chair French Hill (R-Ark.) slammed the move by the ranking member, accusing Waters of throwing a partisan wedge into bipartisan efforts to hash out market structure legislation for digital assets. Rep. Stephen Lynch (D-Mass.), ranking member, sought to lay out Democrats’ concerns with Trump’s recent crypto moves. However, he was cut off, as Republicans attempted to recognize Waters’ objection and move forward with their roundtable.
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.@RepMaxineWaters refused to legitimize a hearing that ignored the obvious: Trump is using the presidency to profit off crypto. “He’s turned the office into a personal money-making machine.” House Republicans looked the other way. pic.twitter.com/PzZtYnDCxq
— Accountable.US (@accountable_us) May 6, 2025
ABSOLUTE PANDEMONIUM as Democrats led by @RepMaxineWaters walk out of the digital assets hearing to protest the Trump family’s launch of their own digital dollar @RepStephenLynch is shouted down as he calls out conflicts of interest from Trump’s personal crypto endeavors pic.twitter.com/JdtEbTr9xN
— Coinage (@coinage_media) May 6, 2025
Right after taking office, Trump cashed in— his net worth skyrocketed thanks to one of his many crooked crypto ventures like the $TRUMP memecoin, which scammed investors out of $2B. While Republicans look the other way, @USHouseFSC won’t sit back and let investors get defrauded.… pic.twitter.com/WjB4bSDdRb
— House Committee on Financial Services – Democrats (@USHouseFSC) May 6, 2025
THREAD: Our latest @CBSNews investigation reveals how Trump’s family stands to benefit from investments in crypto assets, including World Liberty Financial. Here’s what we found: 🧵
With @jolingkent @mattmosk for @CBSEveningNews https://t.co/s7FnrSwil0
— Madeleine May (@madbmay) May 5, 2025
Even the most pro-crypto Democrats are realizing Trump’s corruption with crypto cannot be ignored.
The GENIUS Act would only exacerbate the Trump administration’s existing corruption, while putting more money in Trump’s pocket in a shameless act of self-dealing. pic.twitter.com/9weWEgrvFB
— Fight Corporate Monopolies (@fightmonopolies) May 6, 2025