The structure of the encryption market hangs in balance with the division of Congress

“Corruption is linked to the President of the United States”

A batch of two parties was raised to bring clarity to the US digital asset markets this week due to a political conflict.

Actor Maxine Waters, Democrat California and a member of the Financial Services Committee in the House of Representatives, Prohibited A joint hearing on the organization of the cryptocurrency that was scheduled to be held on May 6. Wets cited President Trump’s financial relations with the encryption industry as reasons for postponing the session.

“Members of Congress have an official responsibility for protecting the American public and defense statement.

The digital assets sector remains without a clear organizational framework.

Blockchain Technology provides the ability to update financial infrastructure, enhance dollar dominance, and support innovation across industries.

However, developers and companies continue to work in a legal gray area. The Securities and Stock Exchange Committee and the Futures Trading Committee for basic commodities are compatible but incomplete, creating uncertainty for investors and market participants.

Congress tries to organize encryption while Trump holds an effort

draft invoice Republicans, who were proposed by Republicans in the financial services and agriculture committees in the House of Representatives to address this gap. It includes Rulings For consumer protection, registration paths for developers and exchanges, and a clearer division of SEC and CFTC.

The session became the subject of partisan dispute.

On May 5, Waters announced that it will not support the session unless the Republicans agree to add its proposed addition Changes With the exception of the president and members of Congress from possessing digital assets or profits. Witr more and others Described The situation as an unprecedented conflict of interests includes a seated president. The Trump family is associated with entities related to encryption and symbolic projects, including Meme and majority share in the exchange of decentralized financing, World Liberty Financial.

Unlike the position of president, technical investor David Sachs Detected He sold more than 200 million dollars in digital assets before accepting his role in the White House as “artificial intelligence and coding of Caesar”. This step indicates that not everyone in the Trump administration seeks to personally benefit from the encryption industry.

According to the ethics of the White House noteThe purpose of this step was to avoid any possible conflict of interests.

American risks are backward without the rules of the clear market structure

Industry numbers, such as Coinbase Brian Armstrong, have expressed concern that the lack of organization pushes innovation abroad. Armstrong urged legislators this week to pass Stablecoin and Charkertersion legislation before the August holiday.

“Both councils need to act now,” Armstrong He said.

During the democratic hearing today, simultaneously with the Republican session, actor Brad Sherman, Democrat California, criticize Exaggeors of the encryption industry by saying,

“China is applying to us in harvesting members. The Kayman Islands have in front of us in the nefarious financial transactions. We can possess some areas where we are not the leader.”

Regardless of partisan affiliation or individual encryption possessions, the United States plays a pivotal role in shaping global standards of digital assets, consumer protection and financial governance.