Will Trump’s $1.2B crypto plans endure ‘anti-crypto corruption week’?

Key Points

1. Democrats, led by Maxine Waters and Stephen Lynch, announced an 'anti-crypto corruption week' to counter Republican efforts to pass key crypto bills, alleging these bills enable fraud and legitimize corruption.

2. The GENIUS Act, passed by the Senate, is set for House consideration; if approved unchanged, it will go to the President, but amendments could delay progress.

3. The CLARITY Act, another significant crypto bill, will also undergo House review before moving to the Senate.

4. Republicans have advanced controversial bills like the 'Big Beautiful Bill' and the GENIUS Act despite opposition, with the latter initially facing Democratic resistance in the Senate.

5. An anti-CBDC (central bank digital currency) bill has also entered the debate, with Democrats warning it could lead to self-dealing and abuse of power.