Trump Faces Crypto Corruption Allegations Amid CLARITY Act Firestorm

Washington's latest crypto drama hits fever pitch as former President Donald Trump gets dragged into allegations of digital asset misconduct—just as the controversial CLARITY Act sparks bipartisan chaos.

Lawmakers clash over 'shadow lobbying' claims while crypto markets shrug—because when has political noise ever stopped a bull run?

Meanwhile, Wall Street quietly adjusts its compliance algorithms, proving once again that regulation is just arbitrage with a time delay.

During the U.S. House Financial Services Committee hearing on June 4, lawmakers clashed over the future of digital asset regulation—while President Donald Trump landed at the center of a growing crypto controversy.

Trump Accused of Using CLARITY Act for Personal Gain

The hearing focused on the, also known as the, which is under intense scrutiny. Representativeled the charge, slamming the bill for moving too fast and warning it could create dangerous loopholes for securities firms.

But the spotlight quickly shifted to. Waters accused the former president of havingthat could benefit from the CLARITY Act. She warned that TRUMP may attempt tothrough his influence on crypto policy.

Top Trumpcoin investors, who reportedly paidto attend the dinner, added fuel to the fire by stating that the act could allow Trump to

Trump-Linked Platform Under Investigation

Amid the escalating drama, Democrats called for an investigation into Trump’s links to World Liberty Financial, a crypto platform reportedly backed by his family. Lawmakers fear a conflict of interest as the former president allegedly attempts to influence crypto regulations for personal benefit.

Formerdidn’t hold back, labeling Trump’s crypto ventures aon the digital asset space. He warned that moving forward with regulation without investigating Trump’s connections WOULD be irresponsible.

“I think we have to address this. I don’t see how we can MOVE forward and try to create a framework for this industry if we don’t do that,” Massad said.

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Maxine Waters Warns of National Security Risk

Waters also voiced, saying the bill lacks safeguards for consumers and fails to punish crypto criminals. She emphasized that Americans affected by fraud would be left helpless under the current proposal.

What’s Next for the CLARITY Act?

While the GENIUS Act, which regulates payment stablecoins, was passed in, thestill hangs in the balance. According to Waters, the bill may reach a markup stage in the.

As crypto regulation debates heat up in Washington, the Trump-centered controversy could shape the future of the entire digital asset ecosystem.

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