Democratic Lawmakers Announce Anti-Crypto Corruption Week In Blow To GOP’s Crypto Week
2025-07-12 00:28:08
Main Idea
Democratic lawmakers Maxine Waters and Stephen Lynch announced 'Anti-Crypto Corruption Week' to oppose Republican-led crypto legislation, criticizing it as dangerous and linked to Donald Trump's crypto ventures.
Key Points
1. Maxine Waters and Stephen Lynch declared next week as 'Anti-Crypto Corruption Week' to counter the GOP's 'Crypto Week' legislation.
2. They specifically criticized the CLARITY Act and the GENIUS Act, labeling them as 'dangerous pieces of crypto legislation.'
3. The lawmakers also targeted Donald Trump's crypto ventures, including his USD1 stablecoin and memecoin $TRUMP, questioning their legitimacy.
4. The announcement was made via a notice on the House Financial Services Committee’s website.
Description
Ranking member of the House Financial Services Committee Maxine Waters (D-CA) Congressman Stephen Lynch (D-MA) announced July 11 that next week will be known as “Anti-Crypto Corruption Week” on Captiol Hill. Democrats Push Back On GOP Crypto Week According to the Friday notice posted on the House Financial Services Committee’s website, Democratic lawmakers will be pushing against the Republican Party’s planned “Crypto Week” in opposition to their political opponents’ mobilization to pass crypto ...
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