Democrats claim these bills would also complicate what they call President Donald Trump’s “unprecedented crypto scam,” referring to his and his family’s significant financial gains from crypto ventures like World Liberty Financial and its USD1 stablecoin. They allege these bills could legitimize Trump’s crypto-related conflicts of interest, potentially exposing the financial system and consumers to greater risks. With a slim House majority, it remains uncertain if Republicans will secure enough votes for their “Crypto Week” agenda amidst this strong Democratic opposition.
Democrats Battle GOP Over Crypto Bills
