Democrats launch the offensive to Trump connections with the cript industry
Dain scales back efforts to combat cryptocurrency fraud
The Department for Justice plans to return its legal combating cryptocurratory fraud, in accordance with the memory of 7 April.
Straight arrow News
Washington – Congress Democrats are getting worried President Donald Trumppersonal connections with Criptocurrency industryAnd it throws the key to bipartizan efforts to regulate the digital currency.
Two investments in cryptocurrency owned by subjects that joined Trump $ 300 million in trade for fees for the sale of its meme and other digital currencies since January.
At the end of April, the company has promoted $ $ Trump Meme Coin offering “Intimate private dinner“With the president at his Northern Virginia Golf Club, after which the value of the coin rose As much as 80%.
And another Trump Family CRIPTO company, world freedom of financial, announced 1. Maya to use one of its digital coins Abu Dhabi ADVERTNAL ACTUMENT To invest from $ 2 billion in the cryptocurrency exchange of binance – the main cost of foreign governments in favor of the Trump family.
At the same time, the administration moves to support the growth of the crypto industry in the United States, including creating “Strategic Bitcoin Reserve“And a digital property for property and pulling back from Baden-Ere found in the industry.
MPs at Capitol Hill were planning to improve legislation this week to create a regulatory framework for Stablecoin, the type of crypto associated with another means like dollars, to stay stable. The account was aggressively supported by the crypto lobbyist and is expected to speed up the growth of currency.
But nine Democrats who have previously supported the account suddenly suddenly announced that they were 3 May would no longer support Stablecoin account, he called Geniusstating the concerns that legislation does not work enough to prevent money laundering and protecting national security.
It would be necessary at least seven Democrats to forward legislation in the Senate, where the legislators need at least 60 votes to overcome philibusters. Senate Democratic Leader Chuck Schumer, DN.I., repeatedly told reporters that “Democrats and Republicans talk to each other,” while the leader of most Senate John Thune, Rs.d., said the Senate would continue regardless of the vote.
Tail. Maxine Waters, D-Calif., came out of the home committee Hearing at the cryptocurrency 6. May “due to the corruption of the president of the United States and its ownership of the crypt and its supervision of all agencies.”
Sen. Adam Schiff, D-Calif., Called to an Office for State Ethics Research of Presidential Cryptological Connections and Senar Richard Blumenthala, Top Democrats on a permanent subcommittee for investigations research, launched own investigation In Trump’s profit.
Blumenthal was looking for information on business structures and potential conflicts of world free financial and fighting (Trump-connected job owned by $ trump memecoin) in letters 6. Maja, which reviewed the United States today.
“Donald Trump He sells cryptocurstiness like snake oil on the wild west and puts for sale on a white house for his meme, “Blumenthal said.” People in America deserve to know how potentially affected by foreign governments and investors who buy its cryptian property. “
Sens. Jeff Merkley, D-Ore. And Elizabeth Warren, D-Mass., Plan Introduce the account Wednesday that would prohibit the President, Vice President, members of the Congress and their families from the creation of cryptian property. Schumer and Sen. Kirsten Gillibrand, DN.I., co-sponsored, which is also a sponsor of Genius ACT.
“This is not a situation where some thousands of dollars are passed under the table as a bribe. This is a situation where it is on the table, in full view of the public,” said Merclei today. “If we will have any credibility in working for people, we need to finish such a large damaged company that the President hired.”
While democrats remain minority and in the house and Senate, Philigura gives democrats to influence the fate of legislation in the upper chamber.
The White House spokesman Anna Kelly said in the statement that Trump was “dedicated to making America Cripto capital of the world.”
“His assets are trusted by his children and there is no conflict of interest,” she said.
These are not only democrats who collected concerns about the cryislation in the Senate. Sens. Josh Havley, R-Mo., John Kennedy, R-La. And Rand Paul, R-Ki., He said this week that they were not sure if they could support genius.
Sen. Bill Hagerti, R-Tenn., The basic sponsor of legislation, said to negotiate with democrats to get support for the account. After the monthly works, he said, “We are very close to concluding everything and expect it to be concluded by the end of the week.”
Josh Meier contributed.
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2025-05-07 12:06:00
