Skip to content

House Democrats Launch ‘Anti-Crypto Corruption Week’ to Oppose GOP Legislation

2025-07-12 16:46:16

House Democrats Launch ‘Anti-Crypto Corruption Week’ to Oppose GOP Legislation

Main Idea

House Democrats, led by Rep. Maxine Waters and Rep. Stephen Lynch, have launched 'Anti-Crypto Corruption Week' to oppose Republican-backed cryptocurrency bills, citing concerns over consumer protection, foreign influence, and alleged corruption.

Key Points

1. The campaign targets three proposed bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.

2. Rep. Maxine Waters links the legislation to former President Trump’s alleged $1.2 billion crypto gains and abuse of power.

3. Rep. Stephen Lynch warns the Anti-CBDC bill may block innovation and introduce foreign-influenced vulnerabilities, raising national security concerns.

4. Democrats argue the GOP-sponsored legislation lacks consumer protection and could enable crypto scams.

5. The initiative aims to rally opposition against the bills, emphasizing the need for stability and safeguards in crypto policy.

Description

Democrats oppose GOP crypto bills, citing risks to consumer protection and national security. Waters links the legislation to Trump’s alleged $1.2B crypto gains and abuse of power. Lynch warns Anti-CBDC bill may block innovation and invite foreign-influenced vulnerabilities. House Democrats, led by Rep. Maxine Waters and Rep. Stephen Lynch, have announced a coordinated campaign titled “Anti-Crypto Corruption Week” to challenge a set of Republican-backed cryptocurrency bills. The initiative is ai...

>> go to origin page
Tags:
Market Market News News US Government

Latest News